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By Rodrigo Santos Andrade
US Steel Costs Impacted by War, Trade Deals
visibility comment0 event May 27, 2026 timer 09:43
Sam 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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