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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…
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…
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…