Trump tariffs have enabled us to build a new billions of dollars


US tariffs on steel imports are in fact improving the business of America's top steelmaker Nucor, company president and CEO John Ferriola told CNBC on Tuesday.

"Tariffs on the dumping of steel in the United States have totally revived our steel industry," he wrote. "New and expanded power plants are happening all over the US We not only save on this important sector, but we also create a lot of jobs, and billions have been paid to our treasury.A GREAT VICTORY FOR THE US"

And if you ask Ferriola, the president may be right. The CEO told Cramer that Nucor not only had a fourth "record" quarter and 2018, like many steel users.

"2018 was a record year for Nucor, but it was also a record year for many of our customers," said Ferriola. "In fact, it was a very good year for the industry at large.When you look at 2018, now the manufacturing industry as a whole is on track to make a higher profit margin from the start of production. in the 21st century. So the manufacturing industry as a whole is doing very well. Our customers are doing very well. "

Nucor shares rose 2.79 percent on Tuesday after the announcement of the company's results. The stock is still around $ 10 a share, up from the 52-week high of $ 70.03.


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