Greenwave Technology Solutions, Inc. Preparing for Massive Demand Influx Amid 25% Tariffs on Steel and Aluminum Without Exceptions or Exemptions
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Greenwave Technology Solutions, Inc. is preparing for increased demand for its domestically-sourced scrap metal products due to 25% tariffs on steel and aluminum. The company supplies major customers like Nucor and Cleveland-Cliffs, and domestic scrap metal prices are rising.
February 11, 2025 | 4:15 pm
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Greenwave Technology Solutions is expected to see increased demand for its scrap metal products due to new 25% tariffs on steel and aluminum. This could lead to higher revenues as domestic scrap metal prices surge.
The imposition of 25% tariffs on steel and aluminum without exceptions is likely to increase demand for Greenwave's domestically-sourced scrap metals. This demand surge, coupled with rising scrap metal prices, suggests a positive impact on Greenwave's revenues and stock price.
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