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-0.000301046135320178 -0.000451569202980374 0.00105366147362073 0.00402649205990816 0.0048167381651237 0.00263415368405204 0.00515541506735909 0.00391359975916317
Stock impact report

Looming Trump Tariffs Make US Steel Too Expensive at Home [Yahoo! Finance Canada]

Steel Dynamics, Inc. (STLD) 
Last steel dynamics, inc. earnings: 4/20 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.steeldynamics.com/presentations
Most Read from Bloomberg The benchmark price for domestic steel touched more than $900 a ton this week, up almost one-fourth this year, in anticipation of the imminent 25% levy on foreign supplies. That surge means US prices have now moved above par with imported steel, according to people active in the market who asked not to be named discussing non-public information. “What we're seeing so far happen is mills capitalize on the tariffs and uncertainty of tariffs, and they've been able to raise prices such that at $900 a ton it's more than what would happen to price with an actual 25% tariff implemented,” Timna Tanners, an analyst at Wolfe Research, said during a telephone interview. “This isn't the desired outcome Trump has articulated.” Metal shipments are pouring into the US from all over the world, including cargoes from Egypt, Algeria, Malaysia, Brazil and Vietnam, according to a person familiar with the flows. The influx comes amid relatively anemic US steel demand as hig Show less Read more
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