Quote:
Originally Posted by calgarygeologist
A wise economist said that steel won't impact us very much. Aluminium might sting though.
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Apparently the US does still use steel a teeny little bit where putting tariffs on foreign steel has a major market impact.
https://finance.yahoo.com/quote/CLF/
https://finance.yahoo.com/quote/X/
https://finance.yahoo.com/quote/NUE/
Cleveland-Cliffs Inc. alone jumped 1 billion dollars in market cap on the announcement. Clearly investors didn't listen to our forum hermit teaching us how steel isn't of much use these days.