1041 GMT - Amsterdam-listed stainless steel company Aperam doesn't expect to be significantly affected by tariffs imposed by the U.S. on steel and aluminum imports, the company says. Aperam has limited exposure to the tariffs as most of its U.S. revenue comes from its recycling business, which isn't affected by the levy, the company says. Most of its sales are domestic in the areas it operates in, and Aperam's stainless-steel exports from Europe to the U.S. are minimal and specialized, it adds. This means customers can't easily source them elsewhere, the company says. Should third-party imports to the U.S. get deflected to Europe, Aperam says it expects the European Commission to adopt measures to protect the interests of its domestic steel producers. Shares trade 1.4% lower to 28.72 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 05:41 ET (10:41 GMT)
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