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Industry associations point to other trade restrictions imposed by the bloc

Duties on products from the PRC will be up to 45 per cent, and on goods from Taiwan up to 21 per cent

The price of HRC from Tokyo Steel has risen by $12/t; Nippon Steel is increasing the price of long products

The investigation concerns steel products from China, South Korea, and Taiwan

For the 2026/2027 fiscal year, the company forecasts a 14% increase in steel production to 57.5 million tons

Tokyo Steel has raised its offer for May sales, while Nucor has increased its offer for the 14th consecutive week

The decision reflects the rise in the cost of raw materials and other expenses

Domestic demand for steel in the country remains subdued

Companies cite rising raw material costs, among other factors

This move is a change in strategy after several consecutive cycles of decline

At the same time, the Ministry of Economy gives a pessimistic forecast for steel demand at the end of the 2025/2026 financial year

Applications for state support are planned to be accepted starting next year