#steel-tariffs

#steel-tariffs

Nucor ( ) has delivered strong returns since President Trump imposed tariffs on imported steel last year. The stock has climbed 16% year-to-date in 2026 and gained 41% over the past 12 months, outperforming broader market indices amid protected domestic pricing. Higher tariffs - reaching up to 50% - shielded U.S. producers from cheap foreign imports, boosting revenues for companies like Nucor. However, reports indicate Trump is now considering scaling back these measures.

Back in February, my steel prices were about 49, 50 cent a pound. Right now, they’re at about 68 cents a pound, and what that equates to in the product that I manufacture could be 16-18 hundred dollars just in increased costs of the material.