European steelmakers shares rise on EU plan to cut steel import quotas

SSAB AB

08/10/2025 08:53

Oct 8 (Reuters) - Shares in European steelmakers rose on Wednesday after the European Commission proposed cutting tariff-free steel import quotas by almost half as part of a plan to preserve viable steelmaking in the European Union.

"We interpret the EU’s new safeguarding proposals as positive across the full spectrum of EU Carbon steel producers," analysts from J.P. Morgan said in a note to investors, adding that they expected this to have positive consequences for EU steel prices through 2026.

The rally was led by Aperam APAM.AS, which gained 5.5% in early trading, while peers ArcelorMittal MT.LU, Thyssenkrupp TKAG.DE and SSAB SSABa.ST were up between 3.4% and 4.4%.

(Reporting by Dimitri  Rhodes in Gdansk, editing by Milla Nissi-Prussak)

((Dimitri.Rhodes@thomsonreuters.com;))