Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
Acerinox sees US tariffs as beneficial but warns of EU market flooding. EU protection is advised.
MADRID (Reuters) - Spanish steel maker Acerinox said on Thursday that the U.S. tariffs would have "in principle" positive effects on the company as the country is its main market and where its main steel mills are located. The positive impact would offset the broad effects they may have on the economy, the company said. Acerinox added the European Union should protect its steel industry as a lot the steel made in the countries hit by the tariffs is likely to flood the EU market as they become less competitive in the U.S.
(Reporting by Javi West, editing by Inti Landauro)
The article discusses Acerinox's view on US tariffs and their potential impact on the EU steel market.
Acerinox sees the tariffs as beneficial since the US is its main market, but warns of EU market flooding.
Acerinox is concerned that steel from tariff-hit countries may flood the EU market, urging protection measures.
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