Tariffs are Expected to Drive Price Increases on Domestically-Sourced Metal
Greenwave’s customers include subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, and Georgia-Pacific
Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), a leader in metal recycling, is primed for significant revenue acceleration following President Trump’s announcement of sweeping tariffs on steel, aluminum, and copper imports. These aggressive trade measures are expected to drive sharp price increases for domestically sourced metals, positioning Greenwave as a critical supplier in an increasingly protectionist market.
The Higher the Tariff, the More Revenue $GWAV will Likely Generate
As one of the Mid-Atlantic’s dominant suppliers of mill-ready shred and other recycled metals, Greenwave anticipates surging demand and expanding profit margins throughout fiscal year 2025. With the U.S. steel and metals industry shifting toward domestic sourcing, Greenwave’s strategic position in Virginia, North Carolina, and Ohio places it at the epicenter of this seismic market shift.
President Trump’s Tariff Announcement Signals Game-Changing Industry Dynamics
On Friday evening, January 31, 2025, President Trump declared (link to video):
“We’re going to put a lot of tariffs on steel. We already have tariffs on steel … but that was relatively small compared to what it’ll be. And ultimately copper… it’ll be a great boost for our steel industry. It’ll make our steel industry very strong.”
Strategic Partnerships with Industry Titans
Greenwave supplies subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, and Georgia-Pacific, among others, with a reliable, high-volume flow of mill-ready metals. Sourced from a diverse, domestic network of corporations, municipalities, and individuals, Greenwave’s scrap metal operations are poised to capture a significant share of the expanding domestic metals market.
With demand for American-sourced steel, aluminum, and copper set to skyrocket, Greenwave is perfectly positioned to capitalize on this historic economic shift, reinforcing its role as a key player in the North American metals supply chain.
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