Nucor Optimistic about US Steel Industry’s Outlook after Tariffs
US HRC (hot rolled coil) steel prices, which are considered a benchmark for steel prices, are hovering near multiyear highs. Higher steel prices should support the earnings of companies such as U.S. Steel Corporation (X), Steel Dynamics (STLD), and AK Steel (AKS). There is a lag between a steel company booking a sale and the steel being shipped to the buyer.