In December 2024, U.S. steel mills shipped 7,145,016 net tons, a 0.9 percent increase from the 7,082,921 net tons shipped in December 2023.

The tariff will apply to products such as passenger vehicles, trucks and buses, steel and aluminum products, certain fruits and vegetables, aerospace products, as well as beef, pork and dairy products, the release said.

Today, the land of Liaoning is brimming with innovation and vitality.

The two-story-high facility operates 24 hours a day to absorb residual gas and convert it into electricity.

Fullerton adds: "As trade barriers, 'tariffs' can also cause domestic industries to become less competitive."

The MIIT plans to intensify efforts to promote the "two new" policies in 2025, Zhang said.

Xi made the remarks while visiting a cold rolling mill of Bensteel Group in Benxi City, northeast China's Liaoning Province.

Dr. Keyvan Jafari Tehrani, lron and Steel market analyst, in an interview with Pardazesh va Tolid: "Strategic planning is key to unlocking the full potential of lran's mining and steel sectors"