US tariffs would stack for Canada, official says as countries condemn Trump moves By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Tariff Implications: President Trump's new 25% tariffs on steel and aluminum imports, effective March 12, could lead to a total of 50% tariffs on Canadian goods if additional duties are enacted, prompting strong condemnation from Canada, Mexico, and the EU, who warn of potential retaliatory measures.
Impact on Businesses: The tariff increases are causing significant concern among U.S. businesses reliant on these materials, with executives highlighting the chaos and increased costs that will affect various sectors, potentially leading to shifts in supply chains and negative impacts on manufacturing jobs.
Analyst Views on STLD
Wall Street analysts forecast STLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for STLD is 182.30 USD with a low forecast of 165.00 USD and a high forecast of 194.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 178.810
Low
165.00
Averages
182.30
High
194.00
Current: 178.810
Low
165.00
Averages
182.30
High
194.00
About STLD
Steel Dynamics, Inc. is an industrial metals solutions company. Its Steel Operations segment consists of its EAF steel mills, producing steel from ferrous scrap and scrap substitutes, utilizing continuous casting and automated rolling mills, and numerous steel coating, processing lines and warehouse operations. Its Metals Recycling Operations segment includes its OmniSource ferrous and nonferrous processing, transportation, marketing, brokerage, and scrap management services primarily throughout the United States and in Central and Northern Mexico. Its Steel Fabrication Operations segment includes its New Millennium Building Systems’ joist and deck plants located throughout the United States, and in Northern Mexico. Its Aluminum Operations segment includes the recycled aluminum flat rolled products mill being constructed in Columbus, Mississippi, and two satellite recycled aluminum slab centers in the southwest United States and Central Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
