Tariffs on steel & aluminum benefit US manufacturers, with Nucor projected to dip then rebound.

From Nasdaq: 2025-02-10 19:28:00

The industrial products and basic materials sectors saw a spike due to President Trump’s 25% tariff on imported steel and aluminum, benefiting U.S. manufacturers. Nucor’s stock is projected to dip 11% this year but rebound by 42% in 2026. U.S. Steel stands to benefit as the second-largest steel producer in the nation.

Cleveland-Cliffs, the largest iron ore producer in North America, could expand steel production with a favorable operating environment. Alcoa’s turnaround in aluminum prices has led to positive earnings estimates and a 30% rise in shares. Steel Dynamics and Kaiser Aluminum are also stocks to watch in the industry.

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Read more at Nasdaq: Stocks to Watch as Trump Announces 25% Tariffs on Steel & Aluminum