U.S. steel tariff to have little impact: Salzgitter

Salzgitter is the second largest steel producer in the EU.

On Friday, Germany’s second-largest steelmaker, Salzgitter said, it expects U.S. steel tariffs to have limited impacts on its business.

“Our direct exposure is small,” said Salzgitter’s spokesman while declining to quantify its exports to the U.S.

On Thursday, U.S. President Donald Trump imposed a 25% tariff on steel and 10% on all aluminum exports from the EU, Canada and Mexico.

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