US Steel Costs Impacted by War, Trade Deals
May 26, 2026
1,183
18
7
2.11%
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47:55US Touts Iran Deal Prospects | Balance of Power: Early Edition 5/26/2026
10:12Now PlayingUS Steel Costs Impacted by War, Trade Deals
YouTube Description
as posted by the channelSam McKinney, KeyBanc Capital Markets vice president and equity research analyst, said that while US steel mills have mostly hedged rising electricity costs with long term contracts, they are impacted by increasing diesel prices to ship steel by truck and rail route. On the other side of the coin, steel hasn't seen a drop in value in in the face of the war, as investors look to steel stocks to hedge against inflation.
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