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Why US Steel Workers Are Upset despite Trump’s Tariffs

Mark O'Hara
Why US Steel Workers Are Upset despite Trump’s Tariffs

As we saw previously in this series, US steel prices are hovering near a decade high. Higher steel prices haven’t been accompanied by a similar surge in raw material prices. As a result, some US steel companies such as Nucor (NUE) and Steel Dynamics (STLD) are posting record earnings. Their earnings have also improved, and workers want a piece of the pie. Let’s look at that in perspective.