Greenwave Technology Solutions (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, expects U.S. steel import tariffs under President-elect Trump’s administration to drive revenue growth and margin expansion in fiscal year 2025. Drawing on CEO Danny Meeks’ experience during Trump’s first term, when similar policies boosted domestic recycled metal prices, Greenwave highlights its strategic position in the industry. The company supplies mill-ready shred to major steel producers, including Nucor Corporation and Cleveland-Cliffs, Inc., leveraging over two decades of expertise and established supply channels to capitalize on favorable market conditions.
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About Greenwave Technology Solutions Inc
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).
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.
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/GWAV
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