Greenwave Technology Solutions, Inc. Expects U.S. Tariffs on Steel Imports to Drive Margin Expansion in FY 2025
Greenwave Technology Solutions (Nasdaq: GWAV), a metal recycling operator in Virginia, North Carolina, and Ohio, anticipates that U.S. tariffs on steel imports will drive revenue growth and margin expansion in FY 2025. The company bases this expectation on its 20+ years of industry experience, noting significant benefits to U.S. scrap metal recyclers during the previous Trump administration when tariffs increased domestic recycled metal prices. Greenwave supplies mill-ready shred to major companies including Nucor , Cleveland-Cliffs, and Sims subsidiaries, sourcing from hundreds of corporations, municipalities, and individuals across their operating regions.
Greenwave Technology Solutions (Nasdaq: GWAV), un operatore di riciclo di metalli in Virginia, Carolina del Nord e Ohio, prevede che le tariffe statunitensi sulle importazioni di acciaio guideranno la crescita dei ricavi e l'espansione dei margini nell'anno fiscale 2025. L'azienda fonda questa aspettativa sulla sua esperienza di oltre 20 anni nel settore, sottolineando i vantaggi significativi per i riciclatori di metalli ferrosi negli Stati Uniti durante la precedente amministrazione Trump, quando le tariffe aumentarono i prezzi dei metalli riciclati domestici. Greenwave fornisce frammenti pronti per la lavorazione a grandi aziende tra cui Nucor, Cleveland-Cliffs e sussidiarie Sims, approvvigionandosi da centinaia di aziende, municipalità e privati nelle loro regioni operative.
Greenwave Technology Solutions (Nasdaq: GWAV), un operador de reciclaje de metales en Virginia, Carolina del Norte y Ohio, anticipa que los aranceles estadounidenses sobre las importaciones de acero impulsarán el crecimiento de los ingresos y la expansión de los márgenes en el año fiscal 2025. La empresa basa esta expectativa en sus más de 20 años de experiencia en la industria, señalando los beneficios significativos para los recicladores de chatarra en EE.UU. durante la anterior administración de Trump, cuando los aranceles aumentaron los precios de los metales reciclados nacionales. Greenwave suministra chatarra lista para el molino a grandes empresas, incluyendo Nucor, Cleveland-Cliffs y subsidiarias de Sims, obteniendo materiales de cientos de corporaciones, municipios y particulares en sus regiones operativas.
Greenwave Technology Solutions (Nasdaq: GWAV)는 버지니아, 노스캐롤라이나 및 오하이오에서 금속 재활용을 운영하는 기업으로, 2025 회계연도에 미국의 철강 수입에 대한 관세가 수익 성장과 마진 확대를 이끌 것이라고 예상하고 있습니다. 이 회사는 20년 이상의 업계 경험을 바탕으로, 이전 트럼프 행정부에서 관세가 국내 재활용 금속 가격을 증가시켰을 때 미국의 고철 금속 재활용 업체들에게 상당한 이점이 있었다고 언급하고 있습니다. Greenwave는 Nucor, Cleveland-Cliffs 및 Sims의 자회사와 같은 주요 회사에 밀 준비 완료된 파편을 공급하며, 운영 지역 내 수백 개의 기업, 지방 자치 단체 및 개인으로부터 조달하고 있습니다.
Greenwave Technology Solutions (Nasdaq: GWAV), un opérateur de recyclage de métaux en Virginie, Caroline du Nord et Ohio, prévoit que les droits de douane américains sur les importations d'acier stimuleront la croissance des revenus et l'expansion des marges au cours de l'exercice 2025. L'entreprise fonde cette attente sur ses plus de 20 ans d'expérience dans le secteur, notant les avantages significatifs pour les recycleurs de métaux usés aux États-Unis durant l'ancienne administration Trump, lorsque les droits de douane ont augmenté les prix des métaux recyclés sur le marché intérieur. Greenwave fournit des morceaux prêts à l'emploi à de grandes entreprises telles que Nucor, Cleveland-Cliffs et des filiales de Sims, s'approvisionnant auprès de centaines d'entreprises, municipalités et particuliers dans leurs régions d'exploitation.
Greenwave Technology Solutions (Nasdaq: GWAV), ein Betreiber von Metallrecycling in Virginia, North Carolina und Ohio, erwartet, dass die US-Zölle auf Stahlimporte im Geschäftsjahr 2025 das Umsatzwachstum und die Margenausweitung ankurbeln werden. Das Unternehmen stützt diese Erwartung auf mehr als 20 Jahre Branchenerfahrung und verweist auf signifikante Vorteile für US-Recyclingunternehmen während der vorherigen Trump-Administration, als die Zölle die Inlandspreise für recycelte Metalle erhöhten. Greenwave liefert schredd-ready Material an große Unternehmen wie Nucor, Cleveland-Cliffs und Sims-Tochtergesellschaften und bezieht Materialien von hunderten von Unternehmen, Kommunen und Privatpersonen aus ihren Betriebsregionen.
- Expected revenue growth and margin expansion in FY 2025 due to anticipated steel import tariffs
- Established supplier relationships with major steel producers
- Strategic presence in multiple states with diverse supply channels
- Revenue growth dependent on potential future political policies
- Business model vulnerable to steel tariff policy changes
Insights
This speculative outlook on potential tariffs under a future Trump presidency carries significant uncertainty. While historical data from 2017-2021 showed positive impacts on domestic steel prices from tariffs, the current market dynamics are different. Greenwave's relatively small market cap of
The mention of Sims 's
Greenwave's customers include subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, and
The Company is one of primary domestic suppliers of mill-ready shred in the mid-Atlantic region
During President-elect Trump's first term,
Greenwave provides subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited,
(1) Sims Limited / 2024 Annual Report / Note 24 - Business Acquisitions and Disposals / (a) Baltimore Scrap Corporation / Page 124 (Link)
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
Steel is one of the world's most recycled products with the ability to be re-melted and re-cast numerous times. For more information, please visit www.GWAV.com.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company's common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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SOURCE Greenwave Technology Solutions
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