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A small group of global steel producers appeared as a unlikely victorious winners from the great imported tariff Donald Trump, as the US president expands his trade war in an attempt to protect the US production industry.
The prices of American steel have increased since Trump has floated for a 25 -hour steel import tax – a key component for cars, buildings and packages – from all trade partners.
The tariffs came into force on Wednesday, although Trump withdrew from a brief presentation of the proposal for an additional 25 percent of steel and aluminum imports from Canada.
Larger tariffs are designed as a grace to fight American steel manufacturers, which are affected by low demand and high inflation. “The only thing we know is that the winners are American producers in the short term,” said James Campbell, head of the finished steel analysis at Consultancy Cru.
But a crop of European and Asian manufacturers with large traces in America also benefits from the levy. Overwriting companies with US production facilities that could benefit include Australian Bluescope and Japanese Yamato Kogyo.
The shares in Bluescope, which in the United States, are earning almost half of the earnings and owning a steel North Star mill in Ohi, more than 20 percent from the beginning of 2025.
The price of Yamato Kogyo shares, which produces steel through a local shared investment with the Nucor based in North Carolina, gathered 5 percent this year, as steel tariffs have given an incentive against Chinese competition.
“The imposition of this 25 – % tariff means competition in the local market imported material will be alleviated,” said President Yamato Kogyo Mikio Kobayashi for the Financial Times.
Other European players with American operations, such as Sweden SSAB and Spanish Acerinox, which produces steel alloys and stainless steel products, said Boris Bourdet, analyst from Kepler Chevrevaux in Paris. The German census of Kloeckner, a steel distributor with most of his surgery located in the US, could also become a winner.
Shares in American steel manufacturers rose on Tuesday, even when Trump’s tariff war with Canada killed stock markets.
The big American manufacturers, especially Nucor and US Steel, gathered more than 10 percent this year – which is a sharp turnaround for the industry that suffered the worst year from Trump’s first term because the earnings suffered due to poor demand.
Philip Bell, President of the US Trade Group Association of Cheil producers, welcomed the tariffs saying that he would “correct the mistakes” of previous duties. During Trump’s first term, and then under the then President Joe Biden in the United States, he negotiated exceptions for important trade partners as well as individual companies.
The American steel industry was “susceptible to many unjustly traded steel”, and a recent increase in prices should be considered more as “normalization,” Bell said.
The richness of potential winners is in contrast to the expected negative impact on other steel producers.
S&P Global Rattings said the tariffs would be “especially painful” for Korean steel manufacturers, who benefited from relatively generous quotas without tariffs, although the growing prices of American steels could alleviate the blow.
Arcelormittal, the second largest player in the world, manages a common investment in the US, but has significant production in Mexico and Canada.
The Canadian Group Operation is a critical supplier of the US car sector, while the US facility use semi -empty steel products from Mexico.
Genuino Christino, the Arcelormittal Cinem Cineroid, played a probable influence last month. The company, he said, hit about $ 100 million in the quarter in 2018. However, these higher costs are compensated for by higher prices.
Mills in Turkey can also be obtained, said Colin Richardson, head of steel at the Argus Media prices reporting agency.
When it is now being resolved by all exemptions, imports from groups like Çolakoğlu, Tosyali and Erdmir would now compete on equal ground with European rivals who have benefited from carving, he said, noting that the shipments from Turkey have started to increase in the last two weeks.
Despite the fair wind for parts of steel industry, economists have warned that higher metal prices will increase production costs for production industries like a car and could encourage inflation in the USA.
Tarife, Bourdet said, “are really intended for China” and could be a trigger for reducing the global over -offer from that country. “With tariffs on the whole planet China, it will become less easy to export steel,” he said.
