Under the shadow of tariffs, the steel industry is struggling to move forward. ArcelorMittal warns that a trade war will weaken demand.

Intelligent Financial News APP learned that the multinational steel and mining giant ArcelorMittal SA, headquartered in Luxembourg, released its performance report on Friday. According to the financial report data, under the current situation of a new round of global trade wars, the aggressive tariff policies of the United States and the support of European countries for domestic steel companies are pushing up steel prices. However, the steel giant warned in its financial report that the uncertainty surrounding Trump's tariff policy and global trade expectations may have a significant impact on steel demand, as well as the costs and profits of the entire steel industry supply chain.