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Reliance

Reliance Steel & Aluminum

Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.

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Reliance's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) short percent of float has risen 11.84% since its last report. The company recently reported that it has 1.00 million shares sold short, which is 2.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.13 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Reliance Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750255277_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Reliance has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Reliance's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Reliance's peer group average for short interest as a percentage of float is 6.61%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Reliance's Recent Short Interest

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 15 years by 2.07% on an annualized basis producing an average annual return of 13.91%. Currently, Reliance has a market capitalization of $16.39 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 15 years ago, it would be worth $7,026.02 today based on a price of $309.98 for RS at the time of writing.
<h3>Reliance's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749825912_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

$1000 Invested In This Stock 15 Years Ago Would Be Worth This Much Today

WIIM

CENX

Shares of steel and aluminum stocks are trading higher after Trump said he would double their tariffs to 50%.

UPDATE: President Donald Trump Says He Would Be Increasing Tariffs On Steel To 50% From 25%; Tariffs To Go Into Effect Next Week

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 15 years by 1.62% on an annualized basis producing an average annual return of 13.5%. Currently, Reliance has a market capitalization of $15.44 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 15 years ago, it would be worth $668.61 today based on a price of $291.98 for RS at the time of writing.
<h3>Reliance's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748298614_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have This Much Today

In the current session, the stock is trading at $304.81, after a 2.87% spike. Over the past month, Reliance Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) stock increased by 10.16%, and in the past year, by 4.87%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2025/1747072820_0.png" alt="Past Year Chart" />

<h3>Reliance P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Reliance has a lower P/E than the aggregate P/E of 32.84 of the Metals &amp; Mining industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1747072820_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

A Look Into Reliance Inc's Price Over Earnings

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Shares of metals stocks are trading higher amid overall market strength after the US and China agreed to a temporary reduction in most tariffs on each other's goods. A decrease of trade tensions could reduce demand uncertainty for base metals.

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 20 years by 6.36% on an annualized basis producing an average annual return of 14.57%. Currently, Reliance has a market capitalization of $15.67 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 20 years ago, it would be worth $15,094.99 today based on a price of $296.32 for RS at the time of writing.
<h3>Reliance's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747065625_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

<a href="https://www.bloomberg.com/news/articles/2025-05-05/india-offers-zero-for-zero-tariffs-on-auto-parts-steel-from-us?embedded-checkout=true" title="https://www.bloomberg.com/news/articles/2025-05-05/india-offers-zero-for-zero-tariffs-on-auto-parts-steel-from-us?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-05-05/india-offers-zero-for-zero-tariffs-on-auto-parts-steel-from-us?embedded-checkout=true</a>

General

INDA

'India Offers Zero-for-Zero Tariffs on Auto Parts, Steel From US'- Bloomberg

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 5 years by 12.82% on an annualized basis producing an average annual return of 27.28%. Currently, Reliance has a market capitalization of $15.24 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 5 years ago, it would be worth $332.85 today based on a price of $288.23 for RS at the time of writing.
<h3>Reliance's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746115216_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Business Outlook Reliance anticipates demand in the second quarter of 2025 will remain stable across the diversified end markets it serves, despite ongoing uncertainty regarding domestic and international economic policy. Accordingly, the Company estimates its tons sold in the second quarter of 2025 will be down 1.0% to up 1.0% compared to the first quarter of 2025, consistent with seasonal trends supported by healthy demand in the non-residential construction market and continued targeted growth efforts to regain market share, and up 3% to 5% compared to the second quarter of 2024. Reliance also expects its average selling price per ton sold for the second quarter of 2025 will be up 1% to 3% compared to the first quarter of 2025. Reliance anticipates its FIFO gross profit margin will expand in the second quarter of 2025 following pricing improvements in March for certain products that have continued into April. Based on these expectations, the Company anticipates non-GAAP earnings per diluted share in the range of $4.50 to $4.70 for the second quarter of 2025, which is inclusive of LIFO expense of $25.0 million or $0.35 per diluted share.

Guidance

Reliance Sees Q2 Adj EPS $4.50-$4.70 vs $4.51 Est

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) reported quarterly earnings of $3.77 per share which beat the analyst consensus estimate of $3.66 by 3.01 percent. This is a 28.87 percent decrease over earnings of $5.30 per share from the same period last year. The company reported quarterly sales of $3.48 billion which beat the analyst consensus estimate of $3.45 billion by 1.15 percent. This is a 4.40 percent decrease over sales of $3.65 billion the same period last year.

Earnings

Earnings Beats

Reliance Q1 Adj. EPS $3.77 Beats $3.66 Estimate, Sales $3.48B Beat $3.45B Estimate

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Earnings Scheduled For April 23, 2025

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) is set to give its latest quarterly earnings report on Wednesday, 2025-04-23. Here's what investors need to know before the announcement.
Analysts estimate that Reliance will report an earnings per share (EPS) of $3.62. 
Investors in Reliance are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.50, leading to a 3.08% increase in the share price on the subsequent day.
Here's a look at Reliance's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.72</td>
<td>3.66</td>
<td>4.73</td>
<td>5.55</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.22</td>
<td>3.64</td>
<td>4.65</td>
<td>5.30</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.0%</td>
<td>-3.0%</td>
<td>-1.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1745337736_0.png" alt="eps graph" />
<h3>Reliance Share Price Analysis</h3>
Shares of Reliance were trading at $271.85 as of April 21. Over the last 52-week period, shares are down 12.19%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<h3>Analyst Views on Reliance</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Reliance.
A total of 2 analyst ratings have been received for Reliance, with the consensus rating being Outperform. The average one-year price target stands at $324.0, suggesting a potential 19.18% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Steel Dynamics, United States Steel and Carpenter Tech, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Steel Dynamics, with an average 1-year price target of $146.5, suggesting a potential 46.11% downside.</li>
<li>Analysts currently favor an Neutral trajectory for United States Steel, with an average 1-year price target of $42.17, suggesting a potential 84.49% downside.</li>
<li>Analysts currently favor an Outperform trajectory for Carpenter Tech, with an average 1-year price target of $237.5, suggesting a potential 12.64% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for Steel Dynamics, United States Steel and Carpenter Tech, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Reliance</td>
<td>Outperform</td>
<td>-6.31%</td>
<td>$886.10M</td>
<td>1.45%</td>
</tr>
<tr>
<td>Steel Dynamics</td>
<td>Neutral</td>
<td>-8.53%</td>
<td>$441.73M</td>
<td>2.30%</td>
</tr>
<tr>
<td>United States Steel</td>
<td>Neutral</td>
<td>-15.32%</td>
<td>$191M</td>
<td>-0.78%</td>
</tr>
<tr>
<td>Carpenter Tech</td>
<td>Outperform</td>
<td>8.44%</td>
<td>$177.50M</td>
<td>4.97%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Reliance underperforms in revenue growth compared to its peers. It has the highest gross profit among the group. Reliance has the second highest return on equity.
<h3>About Reliance</h3>
Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
<h3>Reliance: A Financial Overview</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Reliance faced challenges, resulting in a decline of approximately -6.31% in revenue growth as of 31 December, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.
Net Margin: Reliance's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 3.37%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.45%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Reliance's ROA excels beyond industry benchmarks, reaching 1.04%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.2, Reliance adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/RS/earnings">To track all earnings releases for Reliance visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Reliance

Reliance's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) short percent of float has fallen 43.75% since its last report. The company recently reported that it has 776 thousand shares sold short, which is 1.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.21 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Reliance Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744740029_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Reliance has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Reliance's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Reliance's peer group average for short interest as a percentage of float is 5.73%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Is Reliance Gaining or Losing Market Support?

Shares of metals companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

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Shares of companies within the broader materials sector are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

Shares of companies within the broader materials sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Politics

Legal

Global

EWCLF

World Trade Organization Says Canada Initiates WTO Dispute Complaint Regarding U.S. Steel And Aluminium Duties; Canada Has Requested WTO Dispute Consultations With U.S. Regarding Import Duties On Certain Steel And Aluminum Products From Canada

When President Trump announced a 50% tariff on Canadian aluminum and steel imports, it created a cloud of fear and <a href="https://www.benzinga.com/markets/equities/25/03/44269301/trumps-25-tariffs-on-steel-and-aluminum-imports-take-effect-eu-retaliates-us-steel-nucor-century-aluminum-and-other-domestic-stocks-cheer">uncertainty in the markets</a>. 
Stocks dropped as the 25% previously announced tariffs set to be implemented on Wednesday were anticipated to be doubled.
Trump later hinted at reconsideration after Ontario's premier suspended a surcharge on electricity exports. While domestic producers may benefit, higher costs could dent the profits of industries that rely heavily on these materials.
Also Read: <a href="https://www.benzinga.com/news/25/03/44253100/trump-slaps-50-tariff-on-canadian-steel-aluminum-threatens-auto-industry">Trump Slaps 50% Tariff On Canadian Steel &amp; Aluminum, Threatens Auto Industry</a>
This has presented a good opportunity to look into exchange-traded funds, <a href="https://www.benzinga.com/etfs">ETFs, that may gain or lose</a>:
<ul>
<li>VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>): The ETF gained 1.3% on Tuesday. Its U.S. exposure is at 53.78%, with Brazil and Australia following at 14.65% and 10.71%, respectively. SLX has the least exposure to Canada at less than 1%. The ETF carries an expense ratio of 56 basis points. Tariffs on materials imports from Canada bode well for domestic producers. SLX has exposure to United States Steel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) and Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>).</li>
</ul>
<ul>
<li>iShares U.S. Basic Materials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYM#NYSE">IYM</a>): This fund appeals to investors seeking a conservative way to gain aluminum exposure. The ETF&#8217;s exposure is spread out to base metals stocks and other materials sectors like chemicals and forestry products. This makes it a less speculative investment. This reduces risks from an aluminum market downturn. The ETF holds stocks of aluminum leaders such as Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) and Reliance Steel &amp; Aluminum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>). Both stand to gain if the tariffs are implemented.</li>
</ul>
<ul>
<li>The Invesco Building &amp; Construction ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKB#NYSE">PKB</a>): One of the outcomes of the 50% (or even 25%) tariffs on steel and aluminum imported from Canada is that it will drive up materials prices in the U.S. Higher steel prices may weigh on the construction sector. This fund could face profitability issues as steel is a key raw material in the industry it is exposed to.</li>
</ul>
<ul>
<li>The Invesco Food &amp; Beverage ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>): This fund could see headwinds as higher aluminum costs may pressure the food and beverage bottling industry as well. Companies like Diageo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEO#NYSE">DEO</a>), Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), and PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) likely to face increased costs.</li>
</ul>
<h2 class="wp-block-heading">U.S. Steel Industry Backs The Move</h2>
Despite the market jitters, U.S. steel manufacturers are largely in favor of the tariffs. In a <a href="https://www.steel.org/2025/03/five-steel-groups-pledge-support-for-steel-tariffs-applaud-actions/">letter </a>to the president, five steel industry executives, represented by American Iron and Steel Institute, expressed their strong support for the 25% tariffs. Moreover,&nbsp;Jesse Gary, the CEO of&nbsp;Century Aluminum&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) <a href="https://www.benzinga.com/markets/equities/25/03/44269301/trumps-25-tariffs-on-steel-and-aluminum-imports-take-effect-eu-retaliates-us-steel-nucor-century-aluminum-and-other-domestic-stocks-cheer">told the New York Times</a>, &#8220;The new tariffs will close those loopholes back up and enable us to begin investing again, and bring on more production here in the U.S.&#8221;
While steel producers in the U.S. are supportive, the aluminum industry has shown a mixed reaction. Alcoa CEO William Oplinger <a href="https://www.investopedia.com/alcoa-s-ceo-says-trump-tariffs-could-wipe-out-100-000-u-s-jobs-11686292">voiced </a>concerns that tariffs could hurt the U.S. aluminum sector due to the company's strong ties to Canadian operations.
The impact of tariffs will likely trickle down to consumers as well. Domestic steel prices have already surged from around $700 to nearly $1,000 per ton since Trump's initial announcement in February. A Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-11/trump-s-metal-tariffs-set-to-hit-favorites-like-baseball-bats-and-fishing-reels">report </a> said that higher costs could affect a range of products, from aluminum baseball bats to stainless steel cookware and fishing reels.
Investors should keep an eye on ETFs exposed to these sectors, as they may see significant movement in the coming weeks. Whether Trump follows through with the full 50% tariff or retreats from the threat, the ripple effects will be felt across multiple industries and investment tools.
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