Greenwave expects tariffs on US steel imports to drive its revenue expansion

Greenwave Technology (GWAV) Solutions announced that based on its 20+ years of operating history in the U.S. scrap metal industry – including CEO 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 FY25. 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 $220M acquisition of Baltimore Steel demonstrated, industry leaders place significant value in scrap metal operators with proprietary supply channels, seasoned leadership, and established operations.