One of the major risks to the German steel industry is the import tariffs in the United States, Moravec said.
Tariffs on imported steel in the US have not had a major direct impact on the European steel market so far because the volume of European steel hit by the tariffs does not represent a significant portion of the European industry, Moravec said.
“Total steel exports to the US from Europe was 6 million tonnes in 2017, compared with consumption of about 150 million tonnes of steel in Europe in 2017,” Moravec said.
The European Commission set definitive safeguard measures on...
