Steel Stocks: 1 Steel Stock to Buy and 1 to Sell on Trump Tariffs
Steel Dynamics(STLD) MarketBeat·2025-01-06 22:35
As the Trump administration takes over in 2025, his proposed import tariffs across the board have stoked inflation fears. Many stocks are feeling the impact of stockpiling ahead of the new tariffs, while other stocks are sinking on the prospects of rising costs, leading to softening demand and compressed margins. The basic materials sector is bracing for a potential surge in steel prices. This would mean a 60% tariff on U.S. imports of Chinese-origin steel. This may have a minimal effect since China has a f ...