Iron and steel trade has become a major area of trade friction between China and the United States in recent years

In fact, due to trade protectionism measures in the United States at home and abroad, the steel trade has become a hard-hit area for Sino-U.S. trade friction in recent years.

Even before conducting a “232 survey on steel, the United States has taken dozens of anti-dumping and countervailing measures against dozens of products, covering almost all major categories of steel products, and the high tax rates are almost prohibitive.