Steel Dynamics Embracing Tariffs, Ready to Capture New Demand, CEO Says
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Tariffs on imported steel, aluminum and other products are “extremely beneficial” for Steel Dynamics, the company’s chief executive, Mark Millett, said Wednesday. Indiana-based Steel Dynamics and other American steel producers have enthusiastically backed the Trump administration’s expanded use of tariffs. The spot-market price for coiled sheet steel is up about 38% since the start of the year, according to market research firm CRU.
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