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tz-plus logo The EU is Planning Protective Tariffs on Steel. Here's how Salzgitter Benefits!

J. Meyer
Reading Time: 2 minutes

Salzgitter is likely to come back into focus. There are several reasons that make the stock attractive: Europe is pursuing a new protectionism. As reported by the German economic newspaper "Handelsblatt", the EU intends to establish import barriers. In the coming weeks, extensive protective tariffs of 25-50% are set to be imposed on Chinese steel, aluminum, and related products. This is beneficial for Salzgitter, as it will slow down the influx of Chinese steel and enhance its own competitiveness. There will be a "Buy European" rule, so...

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