European and American countries may adjust steel import and export tariffs

The current price of steel products far higher than China's domestic price, as well as the trend of tight prices in the steel market in the future, will weaken the competitiveness of downstream steel consuming products in western countries such as Europe and the United States, reduce consumption capacity, and increase the threat of inflation, which will hinder economic recovery. For this reason, it is estimated that some countries, such as Europe and the United States, are likely to make great efforts to adjust the import and export tariffs of steel, from building trade barriers to encouraging imports. Affected by this, the international steel market is likely to launch a "resource war" in the future, and the periodic pattern of "resource is king" will reappear.

If the western countries such as Europe and the United States really make great efforts to adjust the tariff in the future, greatly reduce or even cancel the import tariff of iron and steel products, it will make China's steel export cost lower and more profitable, which will generate greater export stimulus, and thus produce a series of impacts such as domestic supply and demand, price quotations and "carbon neutral". Therefore, the relevant departments should pay close attention, take precautions and respond in a timely manner.

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