Brief: Salzgitter CEO Says Erratic Tariff Policy Of The US Is Hitting Europe's Economy Hard - Especially Germany

Salzgitter AG

02/06/2025 08:59

June 2 (Reuters) - SALZGITTER AG CEO SZGG.DE:

SALZGITTER AG'S DIRECT U.S. BUSINESS IN THE STEEL SECTOR IS NOT OF ANY SIGNIFICANT SIZE

STEEL INDUSTRY NEEDS RELIABLE PROSPECTS FOR THE FUTURE

AN INCREASE IN STEEL IMPORT TARIFFS IN THE USA TO 50% SHOULD PROMPT THE EU COMMISSION TO ACCELERATE ITS EFFORTS TO IMPLEMENT THE MEASURES IN THE STEEL AND METALS ACTION PLAN

AT EU LEVEL, THIS MEANS AN EFFECTIVE CARBON BORDER ADJUSTMENT THAT PREVENTS CIRCUMVENTION, INCORPORATES VALUE CHAINS AND MAKES EXPORTS COMPETITIVE

ERRATIC TARIFF POLICY OF THE USA IS HITTING EUROPE'S ECONOMY HARD - ESPECIALLY GERMANY

DECISIVE STRUCTURAL REFORMS ARE FINALLY NEEDED AT NATIONAL LEVEL - ABOVE ALL FOR INTERNATIONALLY COMPETITIVE ENERGY COSTS

Further company coverage: SZGG.DE

 (Gdansk Newsroom)

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