The Ministry of Trade, Industry and Energy said the government will actively express its position and consult with the U.S. administration to protect the interests of the local steel industry.

The United States has recently announced a 25 percent tariff on steel and aluminium imports.

Mexico rejects U.S. tariffs on steel, aluminum.

Economic cooperation between Brasilia and Washington should be enough to guarantee a solution that is beneficial to both countries, the group added.

India's Baldota Group will invest an estimated $6.20 billion to construct a 10.50 million mt per year capacity greenfield steel mill in the southern state of Karnataka

The global aluminum market is entering a fresh period of upheaval as traders rush to assess the potential impact of renewed US protectionism under President Donald Trump.

NH3 Clean Energy has signed an agreement with Pilbara Ports Authority to explore the decarbonisation of iron ore shipments from the Port of Dampier in Western Australia.

Germany also warned on Monday that higher duties would "harm all sides".