Trump Tariffs: Who Stands to Benefit?
Back on March 1st, U.S. President Donald Trump announced that he would implement tariffs on steel (25%) and aluminum (10%) imported into the country. Since then, there has been a tidal wave of backlash with dozens ... [Read]
United States Steel Plans to Drastically Boost Automotive Output, Joins $400 Deal with Japanese Partner
Partners Kobe Steel Ltd, Japan’s No. 3 steelmaker, and United States Steel Corporation (NYSE:$X) said in an official statement on Tuesday that their U.S. joint venture will spend more than $400 million to boost output ... [Read]
A Look At AK Steel’s Position In Today’s Coal Market
A fundamental competitive advantage of AK Steel (NASDAQ:$AKS) is its immunity to short-term fluctuations in coal prices. Why? The company purchases all of its coal under annual contracts. Similarly, U.S. Steel Corporation (NASDAQ:$X) purchases their ... [Read]
The Latest Comments From President Trump Caused This Analyst to Downgrade U.S. Steel and AK Steel
On July 26, United States Steel Corporation shares increased 7.2% following the release of the company’s second-quarter earnings. For a while there, investors were feeling extremely optimistic about the stock. However, thanks to the latest ... [Read]
Companies From Various Industries Are Fighting Trump on Tariffs on Steel Imports
Sectors reliant on cheap steel – which includes energy companies, retailers, and American manufacturers – are pressing for political action against President Donald Trump’s wish to impose tariffs on steel imports ahead of a potential ... [Read]
Trump Considers Quotas and Tariffs on Steel Imports, Steel Stocks Increase As a Result
On Thursday, July 13, steel socks increased after Donald Trump disclosed that he is considering quotas and tariffs on steel imports to the United States. Following the news, shares of U.S. Steel traded 3.5% higher, ... [Read]