'Urgent Action Needed' for Europe’s Steel Workers as Industry Demands Protective Measures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2025
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Source: Yahoo Finance
Impact of Chinese Steel Imports: The European steel sector is facing significant job losses due to a surge in Chinese steel imports and US tariffs, with Thyssenkrupp planning to cut up to 11,000 jobs and thousands more at ArcelorMittal.
EU's Response and Proposed Measures: An emergency summit was convened to address the crisis, with proposals for a tariff rate quota system to limit imports and protect the industry, as current safeguard measures are set to expire in 2026.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
