steel trade

Steel trade involves the global buying and selling of steel products, which are essential for construction, manufacturing, and infrastructure. Countries produce steel domestically or import it from others to meet demand, often influenced by factors like economic growth, tariffs, and supply chain logistics. This trade helps balance shortages, access specialized grades, and support industries worldwide. Prices fluctuate based on production costs, demand, and international policies, making steel trade a vital part of the global economy that connects producers with consumers across industries and borders.