Four factors drive the risen of the U.S. dollar
In a word, the economic fundamentals of “American Superior than European”, political turmoil in Italy, Trump’s change in attitude towards the US dollar and other factors will continue, and the likelihood of the US dollar remaining relatively strong in the second half of the year remains high.
In the first quarter, Arcelor Mittal reported steady growth
Currently, our acquisition of Ilva Italy has been approved by the European Commission and we hope to complete it by the end of the second quarter of 2018 in this acquisition."
French Minister of Economy: neither understand nor accept tariffs imposed on steel and aluminum from the United States
The European Commission issued an announcement on the 6th that, as a countermeasure against tariffs imposed on steel and aluminum products by the United States, the European Commission approved the same day to impose additional tariffs on all US products that have been notified to the World Trade Organization.
EU will counter the steel and aluminum tariffs and stick to WTO rules
Merkel stated in the German Bundestag before leaving for Canada to attend the G7 summit that Germany will work to safeguard its focus on trade during and during the chairmanship of the Group of Twenty (G20) and Italy last year as Chairman of the G7. The results achieved by climate issues do not reverse.
Achieve win-win cooperation in the “One Belt and One Road”
These are precisely the areas where Chinese steel products and technologies are relatively mature, and they are Chinese steel companies. Giving full play to its own advantages and achieving win-win cooperation in the “One Belt and One Road” has provided a broad space.
China's steel exports to Southeast Asia have increased rapidly---Part 2
In addition, Southeast Asia has also invested in the construction of a large number of wire and plate production lines in recent years, which has caused a sharp increase in pressure on China's steel exports to Southeast Asia.
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