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The import of finished steel products in the USA decreased by 14.3% m/m for the month

Tariffs will apply to products shipped to the US from China, Germany, India, Italy, South Korea and Switzerland

The company contested the application of the 25% duty on top of existing anti-dumping duties

Anti-dumping measures have been extended for a total of 10 countries

At the same time, Germany intends to launch a subsidy program to reduce emissions

The case was initiated by Cleveland-Cliffs and the USW union

The duty will also be applied to other steel products from the Russian Federation

The import of finished steel products in the USA for the month decreased by 12.2% y/y

The company received $48.9 million from the United States customs authorities

Duty extension challenged by several importers

At the same time, analysts believe that decarbonization efforts should be global

The European market remained open for raw materials from the Russian Federation, the USA introduced minimal bans