Klöckner & Co.: Trump's Tariff Policy Could Boost Steel Prices and Lead to a Surprise in Profits!
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Ever since the announcement of tariffs by the USA on imports from Mexico, Canada, and China, which were postponed until March a few hours later, the German stock Klöckner & Co . (KC0100) is rising. It is a steel trader that is also positioned in North America. Recently, they generated 54% of their revenue in North America. Customers include the construction and manufacturing industries. In the USA, steel prices are likely to rise due to the tariffs and protectionist policies. This will increase the value of Klöckner & Co.'s inventory....
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