Steel Stocks Surge as Trump Pledges More Tariffs - Barron's

1. Trump proposes 25% tariffs on steel and aluminum imports. 2. Domestic steel producers, including NUE, likely to increase prices. 3. Benchmark steel prices rose to around $750 per ton since late January. 4. Steel prices remain below previous highs of $1,000-$1,500 per ton. 5. Historically, tariffs spurred price hikes in the steel industry.