German steelmakers fall with Trump set to announce metal tariffs

Kloeckner & Co SE

10/02/2025 07:16

** Shares in German steel firms are set to open lower after U.S.
President Donald Trump said on Sunday he will introduce new
tariffs on all steel and aluminium imports
    ** Thyssenkrupp  TKAG.DE  falls 4.1% to the bottom of
 .MDAXI  and Salzgitter  SZGG.DE  declines 3.4% in early
Frankfurt trade; Kloeckner  KCOGn.DE  is seen down 2.1% in
pre-market indications
    ** Trump also said he will announce reciprocal tariffs on
Tuesday or Wednesday applying them to all countries and matching
the tariff rates levied by each country
      

(Reporting by Paolo Laudani)
((mailto:Paolo.laudani@thomsonreuters.com))