Escalating trade tensions between the United States and Europe have reignited investor concerns after the U.S. administration announced plans to double tariffs on imported steel to 50%. The policy shift, aimed at protecting domestic producers, has sent shockwaves through the European industrial base, particularly affecting German steelmakers and their listed equities.

German steel group Salzgitter is taking confident steps toward expanding its business in the defense sector. According to Reuters, CEO Gunnar Gröbler confirmed that the company is transitioning to include defense applications by leveraging proven technologies and high-quality material production.