Question · Q1 2025
Albert Rellin from Jefferies asked about the impact of steel tariffs on the Stelco acquisition, specifically questioning if it alters the planned synergies or expected EBITDA contribution.
Answer
CEO Lourenco Goncalves clarified that Section 232 tariffs on steel do not negatively impact their strategy, as they had already planned to keep Stelco's production within the Canadian market. He noted that broader tariffs on Canadian goods were an unforeseen headwind for their customers but expressed confidence that trade relations would normalize.
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