The Trump Tariff Twist That’s Cost U.S. Steel $5.5 Billion – Bloomberg

Blast furnaces vs. electric-arc furnaces; dinosaurs vs. mice. More capacity due to tariffs + less demand due to world economy cooling (due in part to tariffs?) = … guess what?

«“Be careful what you wish for,” said Timna Tanners, an analyst at Bank of America who has dubbed the industry’s push to add capacity without enough demand “Steelmageddon.” She called it “ironic” that the tariffs are “punishing some steel companies.”»

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