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Nucor Could See Volume Gains after Steel Tariffs

Nucor Could See Volume Gains after Steel Tariffs

President Trump is expected to formalize a 25% tariff on all steel imports. The Commerce Department had recommended a 24% global steel tariff as one of the options to Trump under the Section 232 imports probe. The Commerce Department is aiming to spur US steel production and improve the US steel industry’s capacity utilization rate, which was a dismal 72.3% last year.