The impact of potential steel tariffs is mitigated by the fact that Outokumpu is already partly locally present in the US market. One could imagine this.
“In the Americas business area, customers are served by the Calvert melt shop and cold rolling mill in Alabama, United States, and the San Luis Potosí cold rolling mill in Mexico. Our market share in the USMCA region is approximately 23% and in the United States approximately 21%. The San Luis Potosí cold rolling mill is Mexico’s only stainless steel production facility, and we are the market leader in Mexico. Americas’ share of Outokumpu’s revenue was 27% last year.”
“The Americas business area is well-positioned to meet the growing needs of the American markets. As part of the preparations for the third phase of the strategy, we announced in August and November our desire to strengthen our position as the market’s second-largest producer.”