US Steel Shines Due to Tariffs

Tariffs on imported steel boosted U.S. Steel Corp. ‘s financials.

The steelmaker experienced a +38% surge in its operating profit in Q2, on the back of a 5%-10% increase in prices of its U.S.-made steel and solid shipments growth. It also projects its profits to more than triple over the full year.

U.S. President Donald Trump’s tariffs on imported steel have potentially weakened foreign competition for domestic steel producers, thereby giving the latter more room to raise prices in the domestic market. Along with U.S. Steel, several steel players such as Nucor, Reliance Steel and Aluminum and AK Steel have also apparently benefited from tariff-induced tailwinds.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.