09:10 AM EST, 11/27/2024 (MT Newswires) -- Greenwave Technology Solutions ( GWAV ) said Wednesday it expects tariffs on US steel imports under the administration of President-elect Donald Trump to drive revenue growth and margin expansion in fiscal 2025.

The company said that similar trade policies during Trump's previous term drove higher prices for domestic recycled metals, benefiting US scrap metal recyclers.

Greenwave supplies mill-ready shred to major producers like Nucor ( NUE ) and Cleveland-Cliffs ( CLF ) across Virginia, North Carolina, and Ohio, according to the company.