voestalpine statement: status of exemptions from punitive US tariffs
Over the past days voestalpine has been able to secure an important partial victory with respect to the punitive US tariffs of 25 percent imposed on steel products which came into effect in June. Of a total of 4,300 applications for product tariff exemptions submitted by our Group and our customers, we have currently received replies from the US administration to 2,640 of them. Roughly 2,360 of these replies were positive, while 280 were negative. This is a further significant reduction in the economic risk that these tariffs represent to voestalpine—at maximum around three percent of Group revenue is directly affected.