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![Marcelo12650938 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1480156865480871936.png) Marcelo Ribeiro [@Marcelo12650938](/creator/twitter/Marcelo12650938) on x XXX followers
Created: 2025-07-21 21:49:01 UTC

$BAK #BRKM5 $LYB $DOW WSJ - “Basic Materials RoundUp Market Talk” 

Demand for steel in the U.S. would improve if consumers had lower interest rates to finance auto purchases, says Cleveland-Cliffs CEO Lourenco Goncalves, whose company is the largest supplier in the U.S. of automotive steel. Goncalves has been in lockstep lately with President Trump’s elevated criticism of Fed Chair Powell’s cautious approach to bringing down interest rates. “We need a new fed chairman appointed as soon as possible,” he says. “Once Jerome Powell is gone and as soon as interest rates come down XX or XX basis points, the automotive sector will take off again.” (robert.tita@wsj.com)




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