European steelmakers rise on EU proposal to halve steel import quotas

SSAB AB

08/10/2025 08:38

** Shares in European steel makers rise after the European Commission proposed cutting tariff-free steel import quotas by almost half and a 50% duty for excess shipments

** Shares in SSAB SSABa.ST, ArcelorMittal MT.AS and Aperam APAM.AS rise between around 3% and 5%

** "We interpret the EU's new safeguarding proposals as positive across the full spectrum of EU Carbon steel producers," says J.P.Morgan in a note

** JPM adds it sees positive consequences for EU steel prices in Q4 2025 and in 2026

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))