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US to Make Automakers Pay Higher of Steel or Auto Tariffs, Commerce Secretary Says
U.S. Commerce Secretary Ruthnick announced a new policy that will require automakers to pay either the steel tariff or the auto tariff—whichever is higher. Speaking at a press conference on Tuesday, Ruthnick…
A quick overview of steel industry news last week (April 21-27, 2024)
The British government took over British Steel to ensure the operation of the Scunthorpe plant. On April 12, the British government passed the Steel Industry (Special Measures) Act, urgently taking over British…
Indian government expects significant reduction in steel imports from South Korea and Japan after imposing temporary tariffs
Indian government sources said steel imports from China, South Korea and Japan are expected to slow down after a temporary safeguard tariff of 12% was imposed on some steel products. The tariff,…
India Will Play Key Role in Global Steel Decarbonization: World Steel Association
A senior executive from the World Steel Association recently stated that India will play an essential role in the global decarbonization of the steel industry. As India pursues its ambitious goal of…
India takes action against Chinese steel, will the trade war heat up again?
On April 21, 2025, the Indian Ministry of Finance announced a temporary tariff of 12% on some imported steel products. The policy will take effect immediately and will be valid for 200…
Analysis of the impact of tariff policy adjustment on the competitiveness of Korean steel companies in the US market
The US policy adjustment of imposing a 25% tariff on imported steel products has had a multi-faceted negative impact on the competitiveness of Korean steel companies in the US market:Decrease in cost…
What impact will the adjustment of tariff policies have on the competitiveness of Korean steel companies in the US market?
The US policy adjustment of imposing a 25% tariff on imported steel products has had a multi-faceted negative impact on the competitiveness of Korean steel companies in the US market:Decrease in cost…
Transformation and upgrading of steel logistics: a new driving force for industrial restructuring
Steel logistics plays a key role in connecting production and consumption in the steel industry. Its transformation and upgrading supports the structural adjustment of the steel industry in the following aspects:Optimize resource…
Trump: I hope the US steel industry will stay in the country and oppose foreign acquisitions
Trump does not want foreign companies to buy American steel and hopes that the American steel industry will remain in the United States. In addition to the reasons mentioned above, such as…
Global trade outlook deteriorates sharply: Tariff uncertainty exacerbates North American export decline
On April 16, 2025, the World Trade Organization (WTO) warned in its Global Trade Prospects and Statistics report that the outlook for global trade has “deteriorated sharply” due to the impact of…
US importers firmly choose Chinese steel products
The main reasons why American importers insist on importing Chinese steel are as follows:High cost-effective products:Production cost advantage: China has a complete industrial chain, from raw material supply to finished product output,…
US-Japan tariff negotiations face key challenges: What are Trump’s global trade intentions?
In the context of the US-Japan tariff negotiations, Trump’s global trade intentions are mainly as follows:Increase fiscal revenue: Trump hopes to increase the fiscal revenue of the US federal government by implementing…