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Headlines

Rheinmetall to buy mostly European steel in future, says CEO

Published by Global Banking & Finance Review

Posted on November 18, 2025

1 min read

· Last updated: January 20, 2026

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DUESSELDORF, Germany (Reuters) -Rheinmetall plans to buy steel mostly in Germany or in Europe in the future, said CEO Armin Papperger on Tuesday after the German defence company unveiled its new

Rheinmetall Shifts Steel Sourcing to Focus on Europe, CEO States

DUESSELDORF, Germany (Reuters) -Rheinmetall plans to buy steel mostly in Germany or in Europe in the future, said CEO Armin Papperger on Tuesday after the German defence company unveiled its new midterm targets.

Rheinmetall, which uses a substantial amount of steel for its defence products, has bought from India or China in the past, said Papperger. "Bring it back to Europe," he said.

(Reporting by Matthias Inverardi and Miranda Murray, editing by Thomas Seythal)

Key Takeaways

Rheinmetall plans to source steel primarily from Europe.
The company previously sourced steel from India and China.
CEO Armin Papperger announced the shift in strategy.
The change aligns with Rheinmetall's new midterm targets.
Focus on European steel supports regional industry.

Frequently Asked Questions

What is sustainability?

Sustainability refers to the ability to maintain or improve certain essential processes or systems over time without depleting resources or causing harm to the environment.

What is innovation?

Innovation is the process of creating new ideas, products, or methods that improve efficiency, effectiveness, or competitive advantage in various fields, including finance and technology.

What is a supply chain?

A supply chain encompasses all the steps involved in producing and delivering a product or service, from raw materials to final delivery to the consumer.

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Rheinmetall to buy mostly European steel in future, says CEO

Rheinmetall Shifts Steel Sourcing to Focus on Europe, CEO States

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