The EU Commission on Tuesday said it will present plans to make Europe's ailing steel sector more competitive and to shield it from looming U.S. trade tariffs in the spring.

A 25% tariff on aluminum imports could result in about 20,000 direct U.S. aluminum industry jobs being cut, and as many as 80,000 indirect jobs being slashed, Oplinger said.

South Koreas Industry Minister Ahn Duk-geun is set to visit Washington, D.C., from Wednesday to Friday, seeking an exemption from U.S. steel tariffs and strengthening economic ties in energy and shipbuilding.

Vietnam will impose anti-dumping tariffs on steel from China, following South Korea and other nations in fighting back against surging supplies from the world’s biggest producer.

Larger buildings require more steel in their framing and foundations, so apartments and condos will likely be more impacted by the tariffs.

The nation’s trade commission had decided to ask the country’s finance minister to impose as much as about 38% provisional anti-dumping duties on Chinese hot-rolled thick steel plates from next month.

Vietnam will impose a temporary anti-dumping levy of up to 27.83% on some steel products from China, according to a trade ministry document seen by Reuters.

South Korea's industry ministry said on Thursday it has provisionally decided to impose up to 38% tariffs on Chinese steel plate imports after an investigation into alleged dumping of the steel product used in shipbuilding and construction.

Employees at breweries in Massachusetts say they are faced with a difficult decision with looming tariffs on aluminum and steel.

The United Steelworkers union says it's raised concerns since the sale of U.S. Steel to Nippon Steel was proposed in 2023.

By Michele Pek SINGAPORE (Reuters) -Iron ore futures prices weakened for a third consecutive session on Wednesday, weighed down by dour outlook for Chinese steel exports and heightened trade tensions between the U.