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

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

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

India looks to price differentials for “5-star” steel.

This includes the growing momentum to reduce Scope 1-3 emissions to increase the number of “Net-Zero” buildings, according to sources.

“I’m not sure of the effects of the on-and-off-again tariffs.” — second US distributor

South Korea is one of the world's largest steel producers, with major companies like POSCO, Hyundai Steel, and SeAH Steel leading the industry. Below is an overview of their production capacities and contact details for procurement or purchase departments.

The steel market remains under pressure: demand is weak and imports are at record highs