Austrian steelmaker Voestalpine has stated that some of the applications it has filed to exempt its US orders from steel tariffs have been successful, according to Reuters.
Wolfgang Eder, the company’s CEO, told journalists that they have so far received 140 responses to the total 3,500 applications filed for exemptions, of which 60 responses came out in the favor of the company. However, Mr. Eder added that they are still awaiting a response from the US regarding their big orders.
Voestalpine announced last month that it had opened two factories in Mexico to supply ultra high-strength lightweight and safety components for the automotive industry, accordingly shifting part of its production for the automotive industry from the US to Mexico to avoid the US steel tariffs.