Trade War 2.0: Implications for global steel landscape

From zawya.com

The global steel industry faces overcapacity, trade barriers and regional demand fluctuations. Recent tariffs and trade policies are upending and reshaping steel industry dynamics. According to the OECD, the overcapacity of steel production stands at 553 million tonnes and this imbalance will keep pressure on prices for most of 2025. As per the World Steel Association, it is projected to increase 1.2% in 2025 after years of decline. However, the growth is unevenly distributed across regions, with emerging economies more resilient than advanced economies. The Trump administration has imposed a 25% tariff on all steel ... (full story)