In the second quarter of 2025, the Asian steel market has faced increased trade tensions, tariff threats, and supportive measures. This situation comes as steel futures prices in China have fallen and spot market steel prices have fallen sharply in early April. ‎

‎ Meanwhile, Asian steel market participants are cautious and trying to understand and adapt to ambiguous trade policies and conditions, including the possibility of retaliation against U.S. tariffs. ‎