US tariffs on steel for Voest boss “Managebar”

The one imposed by US President Donald Trump US-Importzölle From 25 percent on steel, which should apply from March 12th, will lead to further weakening of the competitiveness of European industry, warned voestalpine-Chef Herbert Eibensteiner. He cited the EU Commission to quickly take negotiations with the United States and to initiate countermeasures.

Eibensteiner considers the effects of the US tariffs on the Voestalpine to be “ManageBar”, as it was said when presenting balance sheet figures on Wednesday. Also because the Voestalpine produces more than half of the products for the US market in the USA.

According to the Eibensteiner, the import tariffs would be 2 to 3 percent affected by the global corporate turnover of the Voestalpine. In the 2023/24 financial year, the approximately 16.7 billion euros. The size of this is included 330 to 500 million euros. According to its own statements, the group maintains 49 locations in the United States and generates 11 percent of its sales, i.e. around 1.84 billion euros.

In the case of products that would not be produced in the USA, the tariffs will be opened where possible at prices, said Eibensteiner. You would then have to pay US customers. Contracts are currently being examined. You also deliver many high -quality products to the United States, which are not available there, said Eibensteiner. In any case, the market position of the Voestalpine is very good.

Drop in profits

The Voestalpine had to accept a drop in profits in the first 9 months of the current financial year. The profit halved compared to the same period last year 207 MY. EURO. In this, devaluing by the sale of the German Buderus stainless steel.

The Sales volume decreased by 5.2 percent 11.7 billion euros (2023/24: 12.4 billion euros). The weak economy in Europe and the crisis of the Germans Automotive industry made the Linz steel company troubled.

The business with the Rail infrastructure. Even in the aviation and with Inventory systems Could the demand be increased or at least stopped. Little should change in the last three months of the current financial year, it said. The profit forecasts were further corrected downwards.

In the whole year, a profit before interest, taxes and depreciation (EBITDA) from 1.3 billion euros instead of 1.4 billion euros before. In the previous financial year, the EBITDA was 1.7 billion euros