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Photo – German steelmakers call for rapid implementation of the EU Steel Action Plan
German steelmakers call for rapid implementation of the EU Steel Action Plan

European steel industry concerned about broader impact of US tariffs

Photo – The EU is preparing a phased response to US duties
The EU is preparing a phased response to US duties

Bloc to vote on plan to retaliate against Trump's tariffs on April 9

Photo – China announces additional 34% tariffs on US goods
China announces additional 34% tariffs on US goods

The duty will be introduced on April 10

Photo – Tenaris reduced pipe sales by 5% y/y in 2024
Tenaris reduced pipe sales by 5% y/y in 2024

Shipments of seamless pipes fell by 4% y/y and welded pipes – by 11% y/y

Photo – Stellantis sends two plants in Mexico and Canada to idle due to tariffs
Stellantis sends two plants in Mexico and Canada to idle due to tariffs

The Company is assessing the medium- and long-term impact of the duties and the options available

Photo – Germany’s indirect steel exports to the US amount to 2.4 million tons – WVStahl
Germany’s indirect steel exports to the US amount to 2.4 million tons – WVStahl

The Association called the introduction of «reciprocal» US duties a blow to transatlantic trade

Photo – Ukraine has a chance to revise US tariffs – Svyrydenko
Ukraine has a chance to revise US tariffs – Svyrydenko

The First Vice Prime Minister noted that the Ministry of Economy is already working on this

Photo – Nucor reaches peak price growth for hot rolled coils
Nucor reaches peak price growth for hot rolled coils

Offers for the current week remained unchanged after 9 weeks of growth

Photo – The US steel market: no entry for outsiders
The US steel market: no entry for outsiders

New protective measures limit opportunities for importing metal products

Photo – The US reduced imports of rolled steel by 29.6% m/m in February
The US reduced imports of rolled steel by 29.6% m/m in February

Total steel imports fell by 27.2% m/m over the month

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