Nowe unijne cła na wyroby hutnicze
The EU is imposing new tariffs on steel products, which can raise costs and shift trade flows for steel imports.
Source →The trace
How it reaches your house.
Starting from Steel and iron products, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
thyssenkrupp Electrical Steel GmbH →Prices riseGrain-Oriented Electrical Steel (GOES / CRGO)
The EU's provisional safeguard on grain-oriented electrical steel uses tariff-rate quotas and minimum prices, so this GOES input should become materially more expensive, and the 12-month replacement horizon limits easy substitution.
84% confidencePipeline Steel (Large-Diameter Line Pipe) →Prices riseEU tariffs on steel products raise the landed cost of this line-pipe input, and EUROPIPE has the largest listed exposure at 22% with only moderate substitutability.
77% confidencePipeline Steel (Large-Diameter Line Pipe) →Prices riseThe tariff increases the cost of the current steel input, and Tenaris carries a large 20% listed share, so its exposure is material.
75% confidencePipeline Steel (Large-Diameter Line Pipe) →Prices riseWelspun Corp Ltd.540116.BO
Welspun’s 15% listed share and nine-month replacement lead time make it meaningfully exposed to higher input costs from the tariff.
71% confidencePipeline Steel (Large-Diameter Line Pipe) →Prices riseVallourec S.A.VK.PA
A tariff-driven rise in the cost of the steel input should flow through to Vallourec, though its listed share is smaller at 12%.
70% confidencePipeline Steel (Large-Diameter Line Pipe) →Prices riseUnited States Steel CorporationX
The tariff raises the cost of this input for U.S. Steel, and its 15% listed share plus relatively high substitutability imply a moderate but real hit.
68% confidenceFerrous scrap steel →Prices riseEU tariffs on steel imports can shift production toward domestic mills, tightening ferrous scrap demand and raising input costs for steel and iron products.
49% confidenceHop 2
Grain-Oriented Electrical Steel (GOES / CRGO) →Prices riseGOES is a near-critical input for grid transformers, so EU tariffs that raise GOES import costs should pass through mainly as higher transformer prices and some lead-time pressure.
90% confidenceEUROPIPE GmbH →Prices risePipeline Steel (Large-Diameter Line Pipe)
EU steel tariffs can raise the delivered cost of EUROPIPE's large-diameter line pipe input, and the 22% market share plus 12-month replacement lead time make the input moderately exposed.
74% confidenceUnited States Steel Corporation →Shortage riskHop 3
Electric grid transformers →Prices riseGrain-Oriented Electrical Steel (GOES / CRGO)
EU steel tariffs directly raise the landed cost of GOES/CRGO, and electric grid transformers depend on it very heavily (0.98), so transformer input costs rise.
93% confidenceSunCoke Energy, Inc. →Shortage riskCleveland-Cliffs Inc. (Cliffs Steel)CLF
Cliffs Steel is SunCoke's largest disclosed customer at 61.6% of the cited revenue, so if the tariff shock reduces SunCoke's coke shipments, Cliffs faces a meaningful supply shortage.
61% confidenceHop 4
Cleveland-Cliffs Inc. (Cliffs Steel) →Shortage riskSunCoke has Cliffs Steel as a major disclosed customer, so tariff-driven weakness at Cliffs would create a large order shortfall for SunCoke.
66% confidenceCleveland-Cliffs Inc. (Cliffs Steel) →Prices easeGrain-Oriented Electrical Steel (GOES / CRGO)
If Cliffs trims production under tariff pressure, demand for this highly concentrated input eases; the edge is strong because it shows a 40% share, a sole qualified supplier, and a 24-month replacement lead time.
39% confidence