Trump Reinstating Brazil Steel Tariffs to Help U.S. Rebar Makers
- Brazil is second-biggest steel supplier to U.S. after Canada
- Commercial Metals seen benefiting from tariffs, BMO says
Red-hot rolled steel coil is run through the rollers in Espirito Santo, Brazil.
Photographer: Rich Press/BloombergThis article is for subscribers only.
President Donald Trump’s decision to reinstate tariffs on steel from Brazil should provide cheer to U.S. rebar producers, according to BMO Capital Markets.
Commercial Metals Co. is among the companies set to benefit from the curbs on Brazilian steel shipments, said Colin Hamilton, an analyst at BMO.