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The same applies to steel and aluminum, key materials for car production, which both Mexico and Canada export to the US.

Contrary to the US administration's claims, Nagel asserted that tariffs would likely have negative consequences for the United States as well.

"China's 'circle of friends' to develop the circular economy is constantly expanding," Zhu Liyang said.

The UK government has reaffirmed its commitment to invest £2.5 billion ($3.15 billion) to support the steel industry and protect jobs in the steel sector.

Oman is accelerating industrial growth with new projects in key sectors such as metals, mining, and construction.

The recent calcium metal market continues to pre-holiday, continue to oscillate weak.

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

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