Headlines
Rheinmetall to buy mostly European steel in future, says CEO
Published by Global Banking and Finance Review
Posted on November 18, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 18, 2025
1 min readLast updated: January 20, 2026
Rheinmetall will source steel mainly from Europe, focusing on Germany, as part of its new strategy, according to CEO Armin Papperger.
DUESSELDORF, Germany (Reuters) -Rheinmetall plans to buy steel mostly in Germany or in Europe in the future, said CEO Armin Papperger on Tuesday after the German defence company unveiled its new midterm targets.
Rheinmetall, which uses a substantial amount of steel for its defence products, has bought from India or China in the past, said Papperger. "Bring it back to Europe," he said.
(Reporting by Matthias Inverardi and Miranda Murray, editing by Thomas Seythal)
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