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EU steel industry braces for impact of US tariffs

March 12, 2025

New US levies on steel and aluminum from the European Union are expected to enter into force, as President Donald Trump pursues his policy of slapping tariffs on global imports. But for Europe's steel industry, the tariffs are just another challenge after years of dampened demand and what lobby groups say is unfair competition from Asian metalmakers.

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Kassandra Sundt: The steel industry outside of Amsterdam is grappling with high energy costs, global overcapacity, and the impact of US tariffs. Despite these challenges, the Tata Steel plant remains optimistic and is continuing its decarbonization efforts. However, there are concerns about subsidized Asian metals entering the European market, which could further strain the industry. The EU is taking steps to support the sector by cutting energy costs and encouraging investment in cleaner steel production. But there are fears that these measures might not be enough to prevent job losses and factory closures. Meanwhile, climate campaigners worry that the EU might be compromising its green promises in the process.

 

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.