Why US Steel Workers Are Upset despite Trump’s Tariffs
As we saw previously in this series, US steel prices are hovering near a decade high. Higher steel prices haven’t been accompanied by a similar surge in raw material prices. As a result, some US steel companies such as Nucor (NUE) and Steel Dynamics (STLD) are posting record earnings. Their earnings have also improved, and workers want a piece of the pie. Let’s look at that in perspective.