- CNBC’s Jim Cramer speaks with Nucor Chairman and CEO John Ferriola to gauge how the United States’ tariffs on steel imports affected the business in 2018.
- Ferriola says the tariffs have enabled his company to not think twice about building a new plant.
- Nucor is currently investing about $3.2 billion in building new plants and fueling growth at old ones, the CEO says.
CNBC, by Elizabeth Gurdus | @lizzygurdus — 1/29/2019
Excerpt:
The United States’ tariffs on steel imports are indeed improving business at top U.S. steelmaker Nucor, the company’s chairman and CEO, John Ferriola, told CNBC on Tuesday.
The company is currently investing about $3.2 billion in new facilities and fueling organic growth at old ones, Ferriola told CNBC’s Jim Cramer in an interview on “Mad Money.” That includes a $1.3 billion investment in a new steel plate mill in the Midwest, “the heart of the plate-consuming market in the United States,” the CEO said.
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View the complete article including Jim Cramer video at:
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