Austria's voestalpine calls on EU for steel tariff countermeasures, talks with US

Voestalpine AG

12/02/2025 08:27

Feb 12 (Reuters) - Austrian speciality steelmaker
voestalpine  VOES.VI  on Wednesday called on the European Union
for immediate countermeasures and negotiations with the U.S.
regarding the recent steel tariffs.
    The comment, seen in a media presentation published ahead of
voestalpine's post-earnings briefing at 0900 GMT, follows a
similar call from French peer Aperam  APAM.AS  on Tuesday.
    U.S. President Donald Trump on Monday substantially raised
tariffs on steel and aluminium imports to a flat 25% "without
exceptions or exemptions", sending shares of European and Asian
producers falling.
    On Tuesday, the EU said it would respond with "firm and
proportionate countermeasures" to the new tariffs, which have
also been condemned by Mexico and Canada.
    Earlier on Wednesday, Voestalpine reported a slump in its
third-quarter earnings and cut full-year profit outlook,
impacted by the weak automotive market in Europe.

 (Reporting by Marleen Kaesebier and Kirsti Knolle; Editing by
Milla Nissi)
 ((marleen.kaesebier@thomsonreuters.com;))