China's Iron and Steel Association says US tariff increase to impact global supply chain

A worker polishes a piece of equipment in a factory which produces steel mining equipment for export in Jinhua, in China‘s eastern Zhejiang province on February 13, 2025. AFP
A worker polishes a piece of equipment in a factory which produces steel mining equipment for export in Jinhua, in China‘s eastern Zhejiang province on February 13, 2025. AFP

China's Iron and Steel Association said the 25 percent tariff increase on all steel and aluminum imports to the US would have an adverse impact on the supply chain of the global steel industry, including China's steel industry, state broadcaster China Central Television reported on Thursday.

The US move may lead other countries to follow suit, thereby reducing the competitiveness of China's steel exports, it said.
REUTERS

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