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Japan’s steel industry welcomes tariff deal with US
Japan's steel industry has expressed "deep respect" for the government's efforts in securing a trade deal with Washington that lowers reciprocal tariffs to 15pc from the previously imposed 25pc, assuaging concerns of further declines in domestic steel demand, particularly from the auto sector. The deal is extremely significant not only for the steel industry but for Japan's broader industrial sector. "We would like to express our deep respect to the Japanese government for its efforts to date," the chairman of industry group the Japan Iron and Steel Federation (JISF) Tadashi Imai said in the statement released ... (full story)
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- Jul 24, 2025 3:53am Posted byFundamental Analysis280
