Yahoo Finance

Steel demand isn’t weakening, even after some customers moved up their purchases to avoid the expanded 25% tariff on steel that started in March, according to the biggest U.S. steelmaker. Nucor executives said some steel buyers stepped up orders early this year, anticipating that Trump’s tariffs would make imported steel more expensive and drive up domestic prices too. “What we’ve seen is no drop off at all in terms of order entry rates and inquiries,” Nucor CEO Leon Topalian said during a conference call.