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How do current steel industry trends affect Posco’s strategy?
Current trends in the steel industry have had a profound impact on POSCO’s strategy. Here are some key points: Global economic slowdown and demand changes: The global economic growth slowdown, especially the…
Affected by US tariffs, South Korean steel giant announced that it has entered a state of “emergency management”
Hyundai Steel, South Korea’s second-largest steelmaker, recently announced that it was entering a state of “emergency management”, a decision mainly affected by the US’s 25% tariff on imported steel and aluminum products.…
EU plans to cut steel imports by 15% from April 1
The EU plans to cut steel imports by 15% from April 1. This measure is aimed at preventing cheap steel from flooding the European market after the United States implements new tariffs,…
US tariff policy triggers economic self-inflicted damage, South Korean steel giants face emergency management
The United States recently imposed a 25% tariff on imported steel and aluminum products, a policy that has sparked widespread economic discussion. Australia’s Treasurer said that this tariff policy could lead to…
Future development trend of the steel industry
Mainly focused on the following aspects: Green and low-carbon development: With the global emphasis on environmental protection, the steel industry will accelerate its transformation towards green and low-carbon. This includes promoting short-process…
UK Declines to Retaliate Against U.S. Steel and Aluminum Tariffs
The British government recently said it would not take retaliatory trade measures against US steel and aluminum import tariffs. British government officials revealed that they will continue to engage with the United…
Japan-U.S. steel and aluminum tariff negotiations have reached a deadlock, and there has been no progress on the exemption issue
Japanese Minister of Economy, Trade and Industry Yoshiharu Muto held emergency talks with U.S. officials in an attempt to exempt Japan from U.S. tariffs on steel and aluminum products. However, the talks…
What impact do steel price fluctuations have on the global economy?
Fluctuations in steel prices have far-reaching impacts on the global economy, mainly in the following areas: Construction and infrastructure: Steel is a core material in the construction industry. Rising prices will increase…
South Korea to impose additional tariffs on China’s steel industry
Recently, South Korea decided to impose additional tariffs on Chinese steel products2. The Trade Commission of the Ministry of Trade, Industry and Energy of South Korea announced an anti-dumping investigation on hot-rolled…
How to improve the corrosion resistance of steel structures in deep sea environments?
Improving the corrosion resistance of steel structures in deep-sea environments requires comprehensive measures from multiple dimensions such as materials, processes, technology and management.
Global crude steel production in January 2025 fell by 4.4% year-on-year
According to statistics from January 2025, global crude steel production fell by 4.4% year-on-year. This decline may be affected by multiple factors, including the global economic slowdown, reduced demand, and the regulation…