Steel market rally may be nearing its peak, analyst warns

Steel Rally May Be Near Its Peak: Analyst

Wells Fargo’s Equity Research Analyst Timna Tanners pours cold water on the steel rally, warning that high prices could attract imports and face pressure from new domestic capacity. She calls Canada’s looming counter-tariffs largely symbolic and explains why Nucor and Steel Dynamics could outperform if steel prices retreat. (Source: Bloomberg)