steel

The Impact of New Steel and Aluminum Tariffs: Who Will Be Affected the Most?

2 months ago

With the introduction of new tariffs on steel and aluminum in the United States, certain sectors of the economy are expected to face serious consequences. These measures were aimed at protecting local metal producers from unfair foreign competition, but expert evaluations indicate that they may negatively impact industries such as automotive manufacturing and construction.

Canada and Mexico Impose Retaliatory Tariffs on US Imports

2 months ago

Canada and Mexico have announced retaliatory tariffs on goods imported from the United States in response to actions taken by President Donald Trump's administration. These trade measures were implemented following Trump’s previously imposed tariffs on aluminum and steel, which drew significant backlash from both neighboring countries. Both countries are actively seeking to protect their economic interests and support national production.

Nippon Steel Sues Biden Administration Over Blocking US Steel Acquisition

3 months ago

Nippon Steel, one of Japan's largest steel manufacturers, has officially filed a lawsuit against the Biden administration. The lawsuit pertains to the administration's blocking of their acquisition of the United States Steel Corporation, commonly known as US Steel. Nippon Steel contends that this decision creates unnecessary barriers to their business expansion and negatively impacts their plans for international growth.

US Warns Nippon Steel of Risks to American Industry from U.S. Steel Acquisition

5 months ago

The United States government has expressed serious concerns regarding the potential acquisition of U.S. Steel by Japanese giant Nippon Steel. According to high-ranking officials, such a deal could negatively impact the American steel sector and threaten national interests. Specifically, U.S. authorities emphasize that foreign investments in key industries must be carefully examined to prevent disruptions in supply chains and job losses.

China Expands Carbon Market to Include Steel, Aluminum, and Cement in 2024

7 months ago

China has announced plans to expand its carbon market, which will take effect in 2024. Under these changes, the steel, aluminum, and cement industries will be included in carbon credit trading, marking a significant step in the country’s efforts to combat climate change and reduce carbon dioxide emissions. These sectors contribute significantly to global emissions, making their integration into the carbon market a key component of Beijing’s strategy.

Canada Imposes Tariffs on Electric Vehicles and Steel from China

7 months ago

Canada is making the decision to impose tariffs on imports of electric vehicles and steel from China, aiming to shield its market from low-priced goods and support local manufacturing. These measures are a response to escalating trade disputes between the two countries and growing concerns over unfair competition associated with subsidies provided to Chinese manufacturers.

Brazil Faces Surge in Steel Imports Despite Protective Measures

7 months ago

Brazil is experiencing a significant increase in steel imports, which continues to grow despite the government’s attempts to implement protective measures to support the domestic industry. According to local observers, steel imports surged by 35% in the first half of 2024 compared to the same period in 2023. This rise is attributed to several factors, including high domestic steel prices and a shortage in local production.