Under the shadow of tariffs, the iron and steel industry struggles to move forward, Ansteel Group warns that trade wars will weaken demand.

Wisdom Finance APP has learned that ArcelorMittal SA, a multinational steel and mining giant based in Luxembourg, released its latest financial report on Wednesday. The financial data shows that under the new round of global trade war situation, the aggressive tariff policies of the United States and the support of European countries for local steel companies are pushing up steel prices. However, the steel giant warned in the financial report that the uncertainty of Trump's tariff policies 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.