Thyssenkrupp Steel Europe says U.S. tariffs have limited effect on our business-March 2024-www.financetom.com

Thyssenkrupp Steel Europe says U.S. tariffs have limited effect on our business

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Thyssenkrupp Steel Europe says U.S. tariffs have limited effect on our business

Mar 12, 2025 7:16 AM

DUESSELDORF, Germany, March 12 (Reuters) - U.S. tariffs

on steel will have only a limited effect on business at

Thyssenkrupp Steel Europe as its main market is

Europe, the company said on Wednesday.

"Indirect effects are more serious if exports destined for

the U.S. are diverted to Europe due to the tariffs. This would

severely hurt the European market in the long term," said the

company, adding that long-term solutions are needed to protect

the European market from unfair trading practices.

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