Nucor Ceo Says He’s Optimistic About What Trump Policies Mean for Steel Trade

In a tuesday interview with cnbc’s Jim Cramerer, Nucor CEO Leon Topalian Expressed Optimism About What President Donald Trump’s tariff Policies Mean for the Us Steel Industry.

“We are the memo last monday on tariffs and what they’re going to do,” Topalian said. “And i think they’re going to be far reaching, and i think they’re going to be very broad to, again, stop the illical dumping, the manipulation, currency manipulation and subsidization of SUBSIDIAN OF SILSILS COLS COLS COLS COLS

He Reference Actions during Trump’s First Term, When the Administration Imposed A 25% tariff On Steel Imports, Meant to CURB Dumping Steel IS Market. Dumping Refeers to when a Country Exports Products to Other Countries at a MUCH LOWER PRICE Thans In that Countries’ Existing Markets. While Topalian Said Nucor will “Compete Against Anybody in the World,” This Dumping “Creates A Very Unbalanced and Unlevel Playing Field that has been found

Topalian also briefly discusated US SteelFollowing rumors that peer Cleveland-Cliff‘s wants to acquire the company after the government blocked Japan’s’s Nippon steel From buying it. CNBC Reported That Cleveland-Cliffs Intends to buy us steel and then sell the company to nucor. Nucor said last year That it has been interested in acquiring some of us steel’s assets, but ultimately did not do so if the truth of pricing concerns.

“We’re the largest steel company in north America, so of course we look a look a year and a half ago And, and we’ll continue to look to look and see if there assets come back,” He Said. “But, part of the reason we didn Bollywood forward is Valuation. We’re not going to overpay for assets.”

According to Topalian, Us Steel is “A Shell of Itself” Because Leadership Didn’T recognize Technological Innovation, Changes in the Industry and Emerging Competitors. He Claimed That Looking At His Company’s Net Earnings, “It would take the next three competitors combine to get anywhere close to what Nucor has done.”

Cleveland-Cliffs and Us Steel Did Not Immedited to Request for Comment.