Thyssenkrupp's Steel Unit Pushes EU to Protect Special Steel Sector
Published by Global Banking & Finance Review®
Posted on April 1, 2026
2 min readLast updated: April 1, 2026
Add as preferred source on GooglePublished by Global Banking & Finance Review®
Posted on April 1, 2026
2 min readLast updated: April 1, 2026
Add as preferred source on GoogleThyssenkrupp Steel Europe urges the European Commission to swiftly enact protective measures for grain‑oriented electrical steel amid a WTO‑backed safeguard probe, citing a surge of low‑priced imports endangering domestic jobs and critical energy infrastructure.
DUESSELDORF, Germany, April 1 (Reuters) - Thyssenkrupp's steel subsidiary, Thyssenkrupp Steel Europe, called on the European Commission to take action to protect the domestic production of electrical steel from cheap imports from Asia.
The company welcomed on Wednesday the launch of a safeguard investigation by the EU into grain-oriented electrical steel, said unit head Marie Jaroni, as a much-needed first step.
Grain-oriented electrical steel is a key material used in power grids. Imports are not covered by EU plans to cut tariff-free steel import quotas by almost half and impose a 50% duty for excess shipments.
"What matters now is acting swiftly and introducing effective protective measures," she said, adding jobs and technological expertise could only be safeguarded in Europe in the long term with a level playing field.
Thyssenkrupp said last week it would extend production cuts at its site in Isbergues in northern France, citing a "ruinous flood of imports" coming to Europe.
(Reporting by Matthias InverardiWriting by Madeline ChambersEditing by Kirsti Knolle)
Thyssenkrupp wants the EU to act against cheap imports from Asia that threaten the domestic production of grain-oriented electrical steel.
The investigation focuses on grain-oriented electrical steel, a key material used in power grids.
Current EU plans cut tariff-free steel import quotas by almost half and impose a 50% duty for shipments beyond the quota, but not all imports are covered.
Thyssenkrupp has extended production cuts at its Isbergues site in France due to the increase in cheap imports.
Thyssenkrupp aims for swift, effective protective measures from the EU to secure jobs and technological expertise in Europe.
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