South Korean steelmakers eye U.S. investments as Trump tariffs kick in
Posco and Hyundai Steel say investments in operations in the U.S. are among their options. Meanwhile, European steel mills warn of a flood of surplus metal.
South Korean steelmakers eye US production, higher-value products as Trump tariffs kick in
Two South Korean steelmakers said they were considering new investment options in the United States, while Europe's steel mills warned of a flood of surplus metal as increased tariffs on U.S. steel and aluminium imports came into force on Wednesday.
Posco mulling U.S. plant with Trump's steel tariff one day away
Hyundai donates $1M to Trump inauguration fund amid tariff, EV subsidy threats Korean steelmakers urge establishing consultative body with gov't to prepare for Trump 2.0 Crude steel production plummeted in 2020, but demand is rising Seoul official stresses effort to explore 'practical' measures to manage Korea's trade surplus with U.S.
Steelmakers Vow To Work With S. Korean Govt To Respond To US Tariffs
South Korean steel companies said on Friday they will closely cooperate with the government and related agencies to minimise th
Trump vows to take back 'stolen' wealth as tariffs on steel and aluminum imports go into effect
President Donald Trump is openly challenging U.S. allies by increasing tariffs on all steel and aluminum imports to 25% as he vows to take back wealth he says was “stolen” by other countries, drawing
Trump's 25% Tariffs on All Steel and Aluminum Imports Go Into Effect
President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown.
Trump’s 25% tariffs on steel and aluminum imports take effect, Europe retaliates
The European Union announced countermeasures targeting the U.S. after President Donald Trump's 25% tariffs on steel and aluminum imports came into effect.
Yonhap News Agency on MSN6h
(LEAD) S. Korea to devise response measures to U.S. tariffs on steel this month: minister
Seoul will come up with a response strategy before the end of this month to deal with the United States' 25 percent tariff on ...
Wall Street Journal20d
Posco Shares Surge After Korea Looks at Anti-Dumping Duties on Chinese Steel
Posco Holdings’0054907.28%increase; green up pointing triangle shares rose sharply, leading a broad rally in South Korean steel stocks after Seoul moved to impose anti-dumping duties on Chinese ...
Steelmakers face tough road ahead on US tariffs
South Korean steelmakers are facing new and tough challenges in the US market as the US government began imposing tariffs on ...
Yonhap News Agency1h
(LEAD) Seoul shares end tad lower on profit taking
Han Ji-young, a researcher at Kiwoom Securities, said the February U.S. CPI data "helped push stagflation concerns among ...
Eco-Business10d
Korean steel giant Posco sued over climate impact of blast furnace expansion plan
The lawsuit is the first to challenge a company's climate impact since a constitutional ruling recognised the government's ...
The Korea Herald2d
Seoul shares end higher on eased growth concerns
In Seoul, IT, auto and oil refinery stocks drove ... However, chipmaker SK hynix fell 2.34 percent to 187,900 won, and steel giant POSCO Holdings retreated 2.05 percent to 310,500 won ahead ...
S. Korea To Devise Response Measures To US Tariffs On Steel This Month
Seoul will come up with a response strategy before the end of this month to deal with the United States' 25 per cent tariff ...