Interesting share price breakout at STLD, another play on the steel tariff story? Feb-19-18 How to Punish American Workers The Wall Street Journal Feb-19-18 Steel Stocks Take Flight as DOC Proposes Tariffs on Imports Zacks Feb-16-18 This is a long overdue idea: RealityChek founder on propo... CNBC Videos Feb-16-18 Top 4 Steel Stocks for 2018 Investopedia
Best way to benefit from tariff changes might be to buy a selection of steel companies - personally I think we will see consolidation of the sector at some stage with takeovers and mergers.
Whats the betting we see some short term consolidation in the steel sector? Mergers and acquisitions must surely be on the cards?
Now the steel import tariffs have been announced surely China, as one example, is not just going to sit back and take it on the chin? Expect tit-for-tat tariffs from at least China and maybe more US trading partners.
Looks like the increase in steel tariffs has caused a stir lol In reality the US has been a magnet for cheap steel to the cost of the US steel industry so Donald Trump is quite entitled to protect the US steel industry. The reason that imported steel has been so cheap? Simple, many of the companies involved are bankrolled or working hand in hand with their national governments.
The word seems to be that Donald Trump will introduce tariffs for an array of additional products and services and also has Europe in his sights. Trade war on the way?
Seems as though the euphoria over an increase in import tariffs has made way to concerns about what other countries may impose on US exports.
The trend is still on the upside but it does not look as though investors think this is the game changer we all assumed - well not yet.
How quickly things can change lol Looks as though the shares have broken out of their slumber - more upside?
