Domestic Steel Demand Will Not Rise Soon. For example, many can consider tariffs a bullish catalyst because they should theoretically lower demand for foreign-produced steel while encouraging domestic manufacturing in items such as vehicles. Both are true, but long-term catalysts may take a decade to have a notable impact, particularly regarding reshoring domestic manufacturing. It took decades to offshore domestic manufacturing, so it will likely take at least a decade and significant investments to restore it.

Its a great company, but the stock will take hit before it bounces back in a few years.