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33% of firms paused stainless steel orders due to tariffs

At least a third of surveyed companies have paused or delayed stainless steel orders because of US import tariffs of up to 50%, while more than half are reassessing their sourcing strategy, Finnish steelmaker Outokumpu said today.

Business • 22 Sep

The EU wants to stop cheap steel flooding the European market after Washington imposed new tariffs

EU proposes cutting steel imports by 15% as tariffs bite

The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official said today, in a move aimed at preventing cheap steel flooding the European market after Washington imposed new tariffs.

Business • 19 Mar

A man works at a steel company in Monterrey, Mexico where Donald Trump has said there will be a flat 25% tariff on steel and aluminium

Canada and Mexico condemn Trump move to hike tariffs

Mexico and Canada condemned US President Donald Trump's decision to impose tariffs on all steel and aluminium imports next month, a move that has fanned fears of a trade war as business and political leaders braced for yet more trade duty announcements from the new administration.

US • 11 Feb

US Steel's Great Lakes Steel plant in Michigan

Nippon Steel to buy US Steel in $14.9 billion deal

Japan's Nippon Steel has today clinched a deal to buy US Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs and ArcellorMittal.

Business • 18 Dec 23

A Glencore-led consortium today agreed to buy Canadian miner Teck Resources' steelmaking coal unit for $9 billion

Glencore-led group scoops Teck's coal assets for $9bn

A Glencore-led consortium has today sealed one of the mining sector's biggest deals in years as it agreeed to buy Canadian miner Teck Resources' steelmaking coal unit for $9 billion.

Business • 14 Nov 23

The United States said it strongly rejected the "flawed" interpretation and conclusions of the panel

WTO says Trump's steel tariffs broke trade rules

The World Trade Organization ruled that US tariffs imposed on steel and aluminium imports by then President Donald Trump contravened global trading rules in a judgment immediately criticised by Washington.

Business • 09 Dec 22

The building and infrastructure sectors are the biggest users of steel, accounting for 52% of global demand

Kingspan in investment partnership with H2 Green Steel

Insulation and building materials manufacturer Kingspan has announced an investment in H2 Green Steel, a company which is pioneering new green production methods for steel manufacturing using hydrogen.

Business • 23 Apr 21

The two leaders discussed scrapping the tariffs while in Paris for WW1 commemorations

Trudeau sees steel, aluminium deal with US this month

Canadian Prime Minister Justin Trudeau has said he hopes to reach a deal with the US to scrap customs duties for steel and aluminium products later this month.

World • 12 Nov 18

Tata Steel has said the US would mainly hurt itself by imposing tariffs on European steel, as US manufacturers often have no alternative supplier

Tata Steel urges EU to shield market from cheap imports

The European Union should take measures to shield the European steel market from a flood of cheap imports seeking a new destination as the US impose tariffs on steel, the Dutch arm of Tata Steel has said.

Business • 01 Jun 18

Donald Trump last week set import tariffs of 25% on steel and 10% on aluminium

Germany, China warn tariff moves threaten global trade

Germany has denounced moves by President Donald Trump to impose tariffs on US metal imports and said that Europe needed a united response to the threat.

Business • 12 Mar 18

A WTO spokesman has said he cannot comment on the tariff announcement

EU expects to be excluded from Trump's trade tariffs

The European Union expects to be excluded from US steel and aluminium tariffs but will go to the World Trade Organisation to impose its own measures if Washington presses ahead, the EU's trade chief has said.

World • 09 Mar 18

Donald Trump insists the move will save American jobs

Trump under pressure over tariff plans

US President Donald Trump, after shocking markets with the risk of a global trade war, has come under intense pressure from US business interests and foreign trading partners to moderate his threat to impose tariffs on steel and aluminum imports.

US • 03 Mar 18

US President Donald Trump holds up his executive memorandum on the investigation of steel imports

Trump targets cheap Chinese steel in probe

President Donald Trump has launched a trade probe against China and other exporters of cheap steel into the US market, raising the possibility of new tariffs.

Business • 21 Apr 17

Tata's Port Talbot in Wales is the UK's largest steel plant

India's Tata Steel puts UK business up for sale

India's Tata Steel put its entire UK business up for sale to stem heavy losses, a move that would draw a line under its almost decade-long foray into Britain's declining steel industry.

Business • 30 Mar 16

China's coal and steel sectors employ about 12 million workers, figures show

China to lay off 1.8 million coal & steel workers

China said it expects to lay off 1.8 million workers in the coal and steel industries, or about 15% of the workforce, as part of efforts to reduce industrial overcapacity

Business • 29 Feb 16