Why it’s on the map
EAF flat-rolled/structural + NEW Columbus MS aluminum mill — double-dips on steel and aluminum tariff walls. Record 3.7Mt Q2.
Government money & contracts
None direct.
Customers & commercial
Auto, construction, appliance, can sheet.
Catalysts
Earnings Oct 19; aluminum mill ramp.
Risk
Jefferies flagged it most negatively affected by a Canada deal — now the inverse.
Tariff durability
Section 232 (durable).