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German steel boss: US tariffs add 'further pressure' to tough outlook

NAMPA / DPA
2025-02-12
Dusseldorf (dpa) - The leader of Germany's largest steel company believes US tariffs will put "further pressure" on European markets already hampered by overcapacity and high energy costs. Dennis Grimm, from Thyssenkrupp Steel Europe, told the German radio station WDR on Wednesday that the duties announced earlier this week by US President Donald Trump would have only a "minor impact" on his company directly. However, the tariffs are likely to......
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