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Have Steel Companies Gone through the Roof Like Trump Says?

Mohit Oberoi, CFA
Have Steel Companies Gone through the Roof Like Trump Says?

In an interview with Fox, President Donald Trump said that US "steel companies are going through the roof" after Section 232 tariffs that were imposed last year. However, U.S. Steel (X), AK Steel (AKS), Nucor (NUE), and Steel Dynamics (STLD) fell to 52-week lows last month, respectively.