The government held an emergency meeting with major steelmakers and
nonferrous metal exporters on Monday to discuss the impact of the
United States’ plan to double its tariffs on all steel imports to 50
percent on Wednesday.

The meeting, hosted by the Ministry of Trade, Industry and Energy, was
attended by officials from POSCO, Hyundai Steel and other major steel
companies.

Officials representing the country’s aluminum exporters as well as the
Korea Nonferrous Metal Association also attended the meeting to discuss
the impact of the tariff increase on the industry and possible
responses.

The ministry said the government is working to obtain more details
about the tariff increase.

Steel industry officials asked the government to swiftly share
information on U.S. tariff measures and agreed to continue cooperating
in efforts to respond to them, while also trying to understand the
situation in the U.S. through their own networks.

The ministry added that the government will work to minimize any
negative impact of U.S. tariffs on the local industry through trade
negotiations with Washington.