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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…
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-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…
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…
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…
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,…
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…
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…
Announcement of the ruling on the anti-discrimination investigation into Canada’s restrictive measures against China
On March 8, 2025, China’s Ministry of Commerce announced the ruling on the anti-discrimination investigation of Canada’s relevant restrictive measures. According to the results of the investigation, Canada’s measures to impose tariffs…
Four major development directions of amorphous wire in the future are worthy of attention
According to analysis, amorphous wire has four major development directions in the future: Smart industry demand: Amorphous wire is widely used in smart agriculture, smart transportation, smart elderly care and low-altitude flight…
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.