Steelmaker Aperam to seek potential exemptions from US tariffs

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April 3, 2025 9:09 AM EDT

FILE PHOTO: A worker walks past a machine at the Belgian site of stainless steel maker Aperam, in Genk, Belgium September 22, 2022. REUTERS/Yves Herman/File Photo

(Reuters) - The Luxembourg-based steel group Aperam said on Thursday it would explore potential exemptions from announced U.S. tariffs, along with its U.S. customers.

The long-term impact of the tariffs on the U.S. economy remains uncertain and could influence any investment decisions, Aperam told Reuters in an emailed statement.

"Unfortunately, the current lack of regulatory predictability creates an unfavorable business environment on both sides of the Atlantic," it added.

The group stressed the "need for an appropriate and proportionate response from the European Union", urging the 27-nation bloc to protect the region's steelmakers from the negative impact of U.S. trade policies.

(This story has been corrected to remove the nationality from the headline and correct company's descriptor from French to Luxembourg-based, in paragraph 1)

(Reporting by Anna Peverieri)


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