Their comments came after Trump signed an executive order on Feb 10, announcing a 25 percent tariff on all US steel and aluminum imports from March 12.

Contrary to the US administration's claims, Nagel asserted that tariffs would likely have negative consequences for the United States as well.

"China's 'circle of friends' to develop the circular economy is constantly expanding," Zhu Liyang said.

The UK government has reaffirmed its commitment to invest £2.5 billion ($3.15 billion) to support the steel industry and protect jobs in the steel sector.

Oman is accelerating industrial growth with new projects in key sectors such as metals, mining, and construction.

Mexico rejects U.S. tariffs on steel, aluminum.

The United States has recently announced a 25 percent tariff on steel and aluminium imports.

The Ministry of Trade, Industry and Energy said the government will actively express its position and consult with the U.S. administration to protect the interests of the local steel industry.