1. China 822.7 | 2. Japan 110.7 | 3. United States 88.2 | 4. India 86.5 | 5. South Korea 71.5 | Source: worldsteel.org
The US Commerce Department has said in a report to President Trump that imposing high tariffs on steel and aluminum imports from China and other nations could help fight a global glut. China called the report "baseless."
Australia, the US, India and Japan are talking about plans for a regional scheme to counterbalance China's growing influence, a report says. A US official spoke of an "alternative" rather than a "rival" plan.
The European Commission is mulling concrete counter-measures, should the United States impose high tariffs on steel and aluminum imports, newspaper reports have indicated. Brussels has no intention to just sit still.
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