South Korean steelmakers eye U.S. production, higher-value products as Trump tariffs kick in

South Korean steelmakers POSCO Holdings and Hyundai Steel are exploring new investment options in the U.S. and India in response to increased U.S. tariffs on steel and aluminium imports. The new tariffs, reinstating a 25% duty, impact major exporters, including South Korea. The South Korean government plans support measures for domestic firms' overseas investments.