Global Steel Digest: Key Developments (August 1-29, 2025): protective trade measures, strategic alliances, and declining global production
The report highlights important regulatory and business actions across the sector, including:
South Korea advances “K-Steel” law to protect domestic producers
The South Korean government is preparing the so-called “K-Steel” bill to shield local steelmakers from US tariffs and Chinese imports. It includes stricter rules of origin and expanded measures to counter unfair trade practices. (Source: metalbulletin.ru)
US raises tariffs on over 400 products
On August 19, the US Department of Commerce announced higher tariffs on steel and aluminum for more than 400 products. The affected items include wind turbines, mobile cranes, household appliances and other heavy machinery, railway cars, motorcycles, ship engines, furniture, and hundreds of other goods. (Source: metalbulletin.ru)
Posco and JSW Steel announce plans for joint steel plant in India
South Korea’s Posco and India’s JSW Steel have announced plans to build a joint steel plant in India with an annual capacity of 6 million tonnes. (Source: metalbulletin.ru)
Global steel production declines
In July 2025, world steel output reached 150.1 million tonnes, 1.3% less than a year earlier. Production increased in the Middle East (+27.7%) and North America (+5.8%), while the European Union (-7%), Russia and the CIS (-5.1%), and Asia (almost 2%) reported declines. (Source: metalbulletin.ru)
For a more detailed analysis of these developments and other key trends, access the full Digest (in Russian) via the “Global Business Monitor: Industrial and Regional Trends” project.