11,172.75 TRY BIST 100 BIST 100
4.56 CNY CNY CNY
33.00 USD USD USD
35.93 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.17 TRY Interest Interest
82.37 USD Fossil Oil Fossil Oil
28.80 USD Silver Silver
4.15 USD Copper Copper
103.01 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,530.70 TRY Gold (gr) Gold (gr)

China warning for steel industry from US Treasury Secretary Yellen

US Treasury Secretary Janet Yellen, who recently visited China for trade-related issues, gave a serious warning about the potentially harmful impact of cheap imports from China on American industry.

China warning for steel industry from US Treasury Secretary Yellen

Following intensive talks in Beijing, Yellen emphasised growing concerns over China's significant government support for sectors such as electric vehicles, batteries and solar products.

During the talks, Yellen emphasised the need to prevent a repeat of the economic downturn in the US steel industry a decade ago, which she attributed to the influx of Chinese goods and cheap government subsidised products flooding global markets. Yellen emphasised that the administration is committed to protecting American industry from unfair competition and securing competitive advantages in the global market.

Expressing concern about China's extensive government support, especially in critical sectors, Yellen aimed to address the imbalance in trade relations and promote fair competition. The Secretary's plea highlighted the Biden administration's proactive approach to protecting American businesses and ensuring a fair playing field in international trade.

As the dialogue between the two economic powers continues, the talks serve as a critical platform to address systemic challenges and develop constructive cooperation on trade issues. Yellen's stance signals a determined effort to address key concerns about China's imports and thus advance the interests of American industry in the global market.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

ArcelorMittal Poland closes coke battery in Krakow

Tuesday, July 23, 2024

Made in Steel 2025: Steel industry is shaping the future!

Monday, February 26, 2024

Egypt’s rebar market with price fluctuations and competitive offers this week

Tuesday, July 23, 2024

India underlines the important role of green steel in the iron and steel sector

Monday, July 22, 2024

Ermaden discovered a gold mine in Sivas

Tuesday, July 23, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now