Steel trade policy

Steel trade policy involves government strategies to manage the import and export of steel, aiming to protect domestic steel industries while promoting fair international trade. This may include tariffs (taxes on imported steel), quotas (limits on imports), or subsidies to support local producers. The goal is to safeguard jobs, ensure national security, and maintain industry competitiveness, while avoiding trade disputes. Policymakers balance these measures with international agreements to foster a stable, fair trading environment. Overall, steel trade policy shapes how steel is bought and sold between countries, affecting prices, industry health, and economic relations.