Keywords: Steel
British Steel, a key player in the UK’s steel industry, recently confirmed that it would close its blast furnaces and steelmaking operations due to ongoing market challenges, tariffs, and rising environmental costs associated with high-carbon steel production. In an official statement, the company......
Sonasid, Morocco’s leading steel manufacturer, has announced a remarkable net profit of MAD 151 million ($15.1 million) for the fiscal year 2024, representing a substantial 91% increase compared to the previous year. This impressive performance marks the best results the company has achieved since......
The Moroccan Ministry of Industry and Trade has initiated an anti-dumping investigation concerning galvanized steel wire imports from Egypt and the United Arab Emirates (UAE). The move follows complaints lodged by local companies, which argue that these imports are being sold at artificially low prices,......
The United States has implemented new tariffs on steel and aluminum imports, further intensifying the global trade war initiated by President Donald Trump. As of Wednesday, all metal imports are now subject to a 25% tariff with no exemptions, and the duty on aluminum has increased from 10%. The expiration......
The recent imposition of a 25% tariff on steel and aluminum imports by the United States is already affecting Argentina. On Wednesday, an Argentine steel company announced the dismissal of 1,000 workers in response to the new trade measures. Acindar, a subsidiary of the Indian group ArcelorMittal, reached......
In response to the imposition of 25% tariffs on steel and aluminum imports by U.S. President Donald Trump, the Brazilian government affirmed on Tuesday that Brazil would not engage in "any trade wars." The country expressed its commitment to upholding free trade and strengthening international......
In recent weeks, the global economy has felt the ripple effects of U.S. President Donald Trump’s tariffs, some of which have been implemented, while others remain in the threat stage. These tariffs have caused instability in global markets and weakened various currencies, but one significant exception......
The European Union has vowed to take firm action in response to the new US tariffs on steel and aluminum. Ursula von der Leyen, President of the European Commission, declared on Tuesday that these measures "will not go unanswered," emphasizing that the 27-member bloc will implement robust countermeasures......
U.S. President Donald Trump has unveiled plans to impose a 25% tariff on all steel and aluminum imports, alongside retaliatory tariffs aimed at countries that impose tariffs on American goods. Trump confirmed on Sunday that he would formally announce the steel and aluminum tariffs the next day, with......
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