Steel companies expected to benefit from Trump's tariffs on imports, analysts bullish on industry

From StockTwits: 2025-02-11 15:00:11

Analysts at Morgan Stanley are bullish on the steel industry after Trump’s tariffs on steel and aluminum imports were formalized. U.S. Steel Corp. (X), Nucor Corp. (NUE), and Steel Dynamics Inc. (STLD) saw their shares rise. Trump’s executive order raised tariffs to 25% for all countries, without exceptions. Alcoa Corp. (AA) is also expected to benefit. European Commission plans “countermeasures.” Retail sentiment on Stocktwits is extremely bullish for X, NUE, and STLD stocks. Year-to-date gains for the stocks range from 15% to 18%, with declines over the past year. Steel Dynamics stock had the highest sentiment rating of 94/100.



Read more at StockTwits: US Steel, Nucor, Steel Dynamics Expected To Benefit As Trump Formalizes Tariffs, Says Morgan Stanley: Retail Sentiment Soars