JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
✅ Trump reaffirmed that steel and aluminum tariffs will remain in place.
✅ 25% tariff on steel and 10% on aluminum to protect US manufacturing.
✅ Industry reaction mixed amid concerns over rising costs and global trade tensions.
Former US President Donald Trump has reiterated that he has "no intention" of easing the existing tariffs on steel and aluminum imports. Speaking at a business conference in New York, Trump emphasized that the tariffs are essential to protecting American manufacturers and ensuring fair trade practices.
The 25% tariff on steel and 10% tariff on aluminum, imposed during Trump’s previous administration, have been a source of friction with major trading partners, including the European Union and China. Despite growing pressure from industry leaders and global partners, Trump remained firm, stating that lifting the tariffs would undermine US manufacturing and jeopardize jobs.
Industry analysts believe that maintaining the tariffs could lead to higher input costs for US industries but may also shield domestic producers from foreign competition.
Also Read : US Steel Import Licenses Rise 5.2% in February Coterra Energy forecasts decline in natural gas production for 2024
JSW Kalinga Steel is preparing to enter the corporate bond market with a planned debt issue wo...
Business 16-Mar-2026
With a net profit of ₹488 crore for the quarter that ended in December 2023, National Aluminium Comp...
Mid Corporate 14-Feb-2024
In a strategic shift aimed at improving efficiency and reducing corrosion-related losses, West...
India 11-Feb-2026
New guidelines for using steel slag in road construction have been announced by Dr V.K. Saraswat, Me...
Construction 02-Jul-2024
The Union government's twelve principal ports handled 819.227 million tonnes (MT) of cargo in FY24,...
Defence 22-Apr-2024
Central Coalfields Ltd (CCL), a division of Coal India, is prepared to improve the infrastructure fo...
Mid Corporate 14-Feb-2024