Nucor, Steel Dynamics upgraded by UBS on tariff protections
UBS upgraded Nucor (NUE) and Steel Dynamics (STLD) to Buy from Neutral, citing stronger tariff protections for US steel and aluminum. Market Domination anchors Josh Lipton and Julie Hyman discuss the potential impacts of unpredictable US trade policy and future steel price trends.
Steel Stock Gain After UBS Turns Bullish on Nucor, Steel Dynamics
While prices are expected to pull back in the coming years from increases in capacity, higher utilization rates for U.S. steel and redirected trade flows, they should hold at solid levels due to higher costs on scrap and higher import parities from tariffs, the analysts said.
Discover why Nucor's sustainable steel production, EAF technology, and strong profitability make it a resilient U.S.
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