American steel stocks saw a significant increase after the recent election, following former President Donald Trump's victory. The shares of the four largest U.S. steelmakers rose by more than 10%. Investors are hopeful that Trump's win will result in renewed protectionist measures and a change in global trade policies that benefit domestic industries.
Trump's campaign emphasized his commitment to imposing higher tariffs on imports that pose a threat to American industrial capacity and jobs. This has led to speculation among market participants that his administration will prioritize the steel industry, potentially reshaping the competitive landscape for U.S. manufacturers.