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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…
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,…
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…
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…
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 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…
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%…