US - Latest news GMK Center

New US trade restrictions threaten steel industry and supply chains

The country has informed the WTO that it reserves the right to adjust goods and tariff rates

New restrictions could disrupt iron ore supplies to the US and affect global prices

US tariffs of 50% on steel imports are devastating for the European steel industry

At the same time, a number of trading partners have received letters with the rates effective from August 1

In the first five months of the year, US steel mills shipped 37.92 million tons

The Japanese company will receive two subordinated loans to repay loans and partially finance the $14.9 billion deal

The US, Brazil, and China launch investigations or extend duties to protect their producers

The deal is expected to close in the second half of 2025

Total steel imports for the month rose by 19.5% month-on-month

The industry warns of a possible shortage of raw materials amid Trump's tariffs on steel and aluminum

The U.S. steel industry went green long before the EU and other countries started talking about switching to greener technologies