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Canada PM Carney: Trump has not committed to concessions on auto, steel and aluminum tariffs
Canadian Prime Minister Carney confirmed in a call with US President Trump that Trump did not provide any guarantees on concessions on auto, steel and aluminum tariffs. Carney said the Canadian government…
South Korea’s KOSPI index closed down 1.4%, with Hyundai Motor leading the decline of more than 4%
South Korea’s KOSPI index closed down 1.4% recently, mainly dragged down by automobile and steel stocks. Hyundai Motor’s share price fell more than 4% due to the US’s announcement of a 25%…
What is the reason why the EU tightened its steel import policy?
The main reason for the EU to tighten its steel import policy is to protect its domestic steel industry from the impact of international market competition. In recent years, the EU steel…
Nippon Steel: Negotiations with the U.S. government on acquisition of U.S. steel are still ongoing
Nippon Steel is currently in talks with the U.S. government to complete its acquisition of U.S. Steel. The deal is intended to enhance the competitiveness of the U.S. steel industry and promote…
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…
Launch of ArcelorMittal XCarb® Innovation Fund’s China Accelerator Program
ArcelorMittal recently announced the launch of the XCarb® Innovation Fund China Accelerator Program. The program aims to support and accelerate the development of breakthrough low-carbon emission steelmaking technologies. The XCarb® Innovation Fund…
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…