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European steel industry braces for tariff hikes
The European steel industry has taken a variety of measures to face the challenge of increased tariffs, as follows:Trade defenseReducing import quotas: From April, the steel import quota will be reduced by…
Posco considers participating in Hyundai Steel’s $5.8 billion U.S. steel plant investment
According to news reports on April 13, South Korean steelmaker Posco is considering joining Hyundai Steel in a $5.8 billion plant in Louisiana.Hyundai Steel declined to comment on the matter. Posco said…
What role does China play in the international steel market?
China plays a vital role in the international steel market, which is mainly reflected in the following aspects:Major producer and consumer: China is the world’s largest steel producer and has been the…
Impact of the U.S. “Reciprocal Tariff” Policy
The US “reciprocal tariff” policy has brought many impacts:Impact on the United States itself:Economic level:Inflationary pressure increases: The increase in tariffs increases the cost of imported goods, which will be transmitted to…
Trump: US to impose tariffs on cars, lumber and steel
After Trump became the 47th President of the United States in 2025, he implemented a series of tariff policies. Here are the tariffs on cars, wood, and steel:Cars: On February 18, 2025,…
As external risks spread, steel demand is expected to weaken
Recently, the instability factors in the global economic environment have increased significantly, and the spread of external risks is gradually affecting the steel market, causing its demand to show a weakening expectation.From…
Trump orders review of Nippon Steel’s acquisition of U.S. steel
On April 7, 2025, local time, US President Trump instructed a US national security team to review Nippon Steel’s acquisition of US Steel to help determine whether further action is appropriate. Previously,…
Trump orders review of Japanese steel acquisition, US steel shares surge
On April 7, 2025, the stock price of U.S. Steel Corporation (X) in the U.S. stock market did change significantly. According to international data, the stock price of U.S. Steel Corporation closed…
What is unique about China’s approach compared with the open policies of other countries?
China’s opening-up policy does show some unique characteristics in the world, which give it distinct advantages in promoting economic development and international cooperation: Gradual and pilot-first strategy: Unlike many countries that directly…
What is the intention behind other countries following the United States in imposing tariffs on my country’s steel?
The intentions of various countries to follow the United States in imposing tariffs on Chinese steel mainly include the following aspects: Protecting the domestic steel industry: reducing the import of Chinese steel…
US reciprocal tariff policy: steel, aluminum, copper and gold are excluded
According to the latest reports, the United States excluded steel, aluminum, copper and gold from the scope of tariffs when implementing the reciprocal tariff policy. This decision is intended to ease the…
Nippon Steel Vice Chairman to meet with U.S. Commerce Secretary Lutnick.
According to the latest news, a senior executive of Nippon Steel plans to meet with U.S. Commerce Secretary Howard Lutnick to discuss the acquisition of U.S. Steel. This meeting may be to…