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steel import - Latest news GMK Center

Photo – Trump’s 50% steel tariffs have yielded mixed results – S&P Global
Trump’s 50% steel tariffs have yielded mixed results – S&P Global

U.S. steelmakers saw increased revenue and investment, while consumers faced rising costs

Photo – Turkey increased steel exports by 11.3% y/y in April
Turkey increased steel exports by 11.3% y/y in April

At the same time, the figure fell by 3.3% y/y between January and April

Photo – The UK has announced the details of the transition period for steel safeguard measures
The UK has announced the details of the transition period for steel safeguard measures

The current trade preferences for steel between the UK and Ukraine will remain in force

Photo – Trump has reduced tariffs on certain steel and aluminum products
Trump has reduced tariffs on certain steel and aluminum products

In particular, foreign companies may be eligible for a 10% tax rate under certain conditions

Photo – Indian steelmakers are concerned about the rise in rolled steel imports from China
Indian steelmakers are concerned about the rise in rolled steel imports from China

Hot-rolled coils accounted for the majority of imports from China

Photo – Mexico is seeking to eliminate steel tariffs as part of the USMCA review
Mexico is seeking to eliminate steel tariffs as part of the USMCA review

The country will also advocate for a regional approach to the automotive industry

Photo – Ukraine should be exempted from steel quotas under the EU’s new trade measure – Luca Zanotti
Ukraine should be exempted from steel quotas under the EU’s new trade measure – Luca Zanotti

The European Union's introduction of quotas for Ukraine would be a major step backward

Photo – China is negotiating with the EU regarding the bloc’s new restrictions on steel imports
China is negotiating with the EU regarding the bloc’s new restrictions on steel imports

The Chinese Ministry of Commerce has criticized the new European safeguard measures

Photo – The United Kingdom is negotiating with the EU regarding an exemption from steel import quotas
The United Kingdom is negotiating with the EU regarding an exemption from steel import quotas

The Minister of Trade also believes that the UK should be included in the «Made in Europe» scheme

Photo – European steelmakers have backed the adoption of new EU protective measures on steel
European steelmakers have backed the adoption of new EU protective measures on steel

At the same time, the industry association is calling for further action to support the sector

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