The phrase "foreign steel" refers to steel that is produced or manufactured in a different country and then imported into another country. Full definition
That said, a 25 % increase in the price of foreign steel, even if fully transferred to the consumer, probably won't make everyday canned goods all that more expensive. (qz.com)
These firms rushed to cancel foreign steel orders and buy up American steel. (qz.com)
Experts have warned that the tariff could have broad implications for many different industries that utilize foreign steel and aluminum. (nystateofpolitics.com)