The Rising Influence of Rising Affluence

[DewDiligence]

(CLF)—NUE and STLD are among the EAF steelmakers who are expanding production capacity in the US, adding to the demand for CLF’s HBI:

https://www.wsj.com/articles/steelmakers-find-strength-to-expand-under-tariffs-11549544400

The build-out by Nucor Corp., Steel Dynamics Inc. and a half-dozen other companies would add 16 million tons of steelmaking capacity in the U.S., an 18% increase over the 90 million tons produced here in 2017, before tariffs took effect.