Greenwave Technology Solutions, Inc. Expects U.S. Tariffs on Steel Imports to Drive Margin Expansion in FY 2025
Greenwave Technology Solutions, Inc. Expects U.S. Tariffs on Steel Imports to Drive Margin Expansion in FY 2025
During President-elect Trump's first term, U.S. scrap metal recyclers benefited significantly from the administration's trade policies – tariffs materially increased the cost of imported steel, leading to significant increases in the prices of domestic recycled metals. As Sims Limited's recent $220 million acquisition of Baltimore Steel(1) demonstrated, industry leaders place significant value in scrap metal operators with proprietary supply channels, seasoned leadership, and established operations.Greenwave's customers include subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, and Georgia-Pacific
Greenwave的客戶包括Nucor Corporation、Cleveland-Cliffs, Inc.、Sims Limited和Georgia-Pacific的子公司
The Company is one of primary domestic suppliers of mill-ready shred in the mid-Atlantic region
該公司是中大西洋地區主要的國內碎料供應商之一
CHESAPEAKE, Va., Nov. 27, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that based on its 20+ years of operating history in the U.S. scrap metal industry – including Chief Executive Officer Danny Meeks' firsthand experience from President-elect Trump's first term – that it expects tariffs on U.S. steel imports will drive the Company's revenue growth and margin expansion throughout fiscal year 2025.
2024年11月27日，弗吉尼亞州切薩皮克市/PRNewswire/ - Greenwave Technology Solutions, Inc.（"Greenwave"或"公司"）（納斯達克: GWAV）是運營位於弗吉尼亞州、北卡羅來納州和俄亥俄州的金屬回收設施的公司。該公司今日宣佈，基於其在美國廢鋼金屬行業20多年的經營歷史 - 包括首席執行官丹尼·米克斯在總統當選者特朗普首個任期中的第一手經驗 - 預計美國鋼鐵進口關稅將推動公司的營業收入增長和利潤率擴張至2025財年的整個時期。
During President-elect Trump's first term, U.S. scrap metal recyclers benefited significantly from the administration's trade policies – tariffs materially increased the cost of imported steel, leading to significant increases in the prices of domestic recycled metals. As Sims Limited's recent $220 million acquisition of Baltimore Steel(1) demonstrated, industry leaders place significant value in scrap metal operators with proprietary supply channels, seasoned leadership, and established operations.
在總統特朗普的首個任期內，美國廢金屬回收商從政府的貿易政策中直接受益 - 關稅大幅增加了進口鋼鐵的成本，導致國內回收金屬價格顯著上漲。正如Sims Limited最近對巴爾的摩鋼的22000萬美元收購所展示的那樣，行業領導者非常重視具有專有供應渠道、經驗豐富的領導團隊和先進運營的廢金屬回收運營商。
Greenwave provides subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, Georgia-Pacific, amongst several other steel producers, with a reliable supply of mill-ready shred, sourced from hundreds of corporations, municipalities, and individuals in Virginia, North Carolina, and Ohio.
Greenwave向Nucor Corporation、Cleveland-Cliffs, Inc.、Sims Limited、Georgia-Pacific等幾家鋼鐵生產商提供可靠的碎料供應，這些碎料來自弗吉尼亞州、北卡羅來納州和俄亥俄州數百家公司、政府和個人。
(1) Sims Limited / 2024 Annual Report / Note 24 - Business Acquisitions and Disposals / (a) Baltimore Scrap Corporation / Page 124 (Link)
(1) Sims Limited / 2024年年度報告 / 註釋24 - 業務收購與處置 / (a) 巴爾的摩廢料公司 / 第124頁 (鏈接)
About Greenwave
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. ("Empire"), is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company's recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous).
關於Greenwave
Greenwave Technology Solutions, Inc.通過其全資子公司Empire Services, Inc.（"Empire"），在弗吉尼亞州、北卡羅來納州和俄亥俄州經營着13家金屬回收設施。該公司的回收設施收集、分類和處理生鐵和非生鐵等原始廢金屬。
Steel is one of the world's most recycled products with the ability to be re-melted and re-cast numerous times.
鋼鐵是全球回收利用最多的產品之一，能夠多次重熔和重鑄。
譯文內容由第三人軟體翻譯。
