The metal industry refers to the segment of the manufacturing sector that focuses on the extraction, processing, and production of metals and metal products. This industry encompasses a wide range of activities, including mining and refining metallic ores, producing and fabricating products from metals such as steel, aluminum, copper, and precious metals, as well as recycling metal materials.
Key processes within the metal industry include smelting, casting, forging, machining, and welding, which transform raw materials into finished products used in various applications, including construction, automotive, aerospace, machinery, and consumer goods. The industry is characterized by its significant contribution to the global economy, providing raw materials for many other sectors and employing millions of workers worldwide.
Additionally, the metal industry plays a crucial role in technological advancement and innovation, often developing new alloys and processes to improve efficiency, sustainability, and product performance. Overall, the metal industry is vital for infrastructure development and the manufacturing ecosystem.
French President Emmanuel Macron has declared that Europe will impose reciprocal tariffs in response to the U.S.'s proposed 25% tariff on European steel and aluminum. The move by Europe comes…