Industry News
- Canadian steelmakers consider government’s proposed protective measures insufficient
Steel dumping from Europe and Asia affects the competitiveness of the local industry
- Global stainless steel production increased by 6.2% y/y in Q1
During the period, stainless steel output increased in most key regions
- The Potential Impact of Trump’s 50% Steel Tariffs
The move will intensify pressure on global steel trade, likely triggering a wave of new trade barriers worldwide
- Global prices for hot-rolled coils decreased by 1-7% in May
The negative dynamics is due to seasonal factors, trade uncertainty and weakened demand
- Doubling of US tariffs on steel imports will put pressure on European steel industry – WV Stahl
On May 30, Trump announced a 50% increase in tariffs on steel and aluminum imports to the United States