South Korea to minimise impact of 50% tariff on steel products, ministry says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 02 2025
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Should l Buy ?
Source: Reuters
South Korea's Response to U.S. Tariffs: South Korea's Industry Ministry is preparing to address the impending 50% U.S. tariff on steel products, which could significantly impact its steel exporters, as the country is the fourth-largest steel supplier to the U.S.
Impact on Steel Industry: The proposed tariffs have already caused a decline in shares of major South Korean steelmakers and are expected to burden exporting companies unless U.S. steel prices increase further; however, South Korea's steel shipments to the U.S. rose by 12% in April compared to the previous year.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
