Nucor CEO says he's optimistic about what Trump policies mean for steel trade

Group 1 - Nucor CEO Leon Topalian expressed optimism about President Trump's tariff policies, believing they will significantly impact the U.S. steel industry by addressing illegal dumping and currency manipulation [1] - The 25% tariff on steel imports imposed during Trump's first term aimed to curb dumping, which has created an unbalanced playing field for the U.S. steel industry [1] - Topalian indicated that Nucor is open to competition but emphasized that dumping has harmed the industry for decades [1] Group 2 - Nucor previously considered acquiring assets from U.S. Steel but refrained due to valuation concerns, stating they will not overpay for assets [2] - Topalian criticized U.S. Steel's leadership for failing to recognize technological innovations and emerging competitors, describing the company as "a shell of itself" [2] - Nucor's net earnings significantly surpass those of its competitors, suggesting a strong market position [2]