Greenwave’s Margins Grow as Scrap Metal Prices Surge Amid Impending Tariffs.
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Greenwave’s Margins Grow as Scrap Metal Prices Surge Amid Impending Tariffs.

Title: Greenwave Technology Solutions: Driving Growth in the Metal Recycling Industry

Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) is making waves in the metal recycling industry with its 100% domestically-sourced scrap metal supply to industry giants like Nucor, Sims, Cleveland-Cliffs, and Georgia-Pacific. As tariffs on foreign steel and aluminum imports take effect, Greenwave’s margins are expanding significantly due to surging prices for scrap steel, with expectations of further growth in the near future.

Operating 13 metal recycling facilities in Virginia, North Carolina, and Ohio, Greenwave strategically positions itself to benefit from the upcoming tariffs on copper imports, further accelerating revenue growth and margin expansion. The company’s licenses for its facilities serve as a competitive moat, providing significant barriers to entry for competitors in tightly regulated markets.

Strategically acquiring real estate for seven core facilities has reduced annual rent expenses by approximately $1.7 million, enhancing cash flow and positioning the company for potential high-value strategic transactions. Greenwave is also set to benefit from the opening of Nucor Corporation’s state-of-the-art steelmaking facility in Lexington, North Carolina, which will significantly increase regional demand for recycled steel.

With a focus on supporting infrastructure projects and U.S. national security interests, Greenwave stands as a key player in the industry, supplying recycled steel for critical applications like bridges, heavy equipment, and warships. The company’s Hampton Roads hub is optimally positioned to capitalize on President Trump’s shipbuilding initiative, driving demand for domestic scrap metal in a red-hot market.

Greenwave’s recent features in S&P Global, Fox Business, and BNN Bloomberg highlight the company’s growing presence in the industry. For more information, visit www.GWAV.com.

In conclusion, Greenwave Technology Solutions is paving the way for growth in the metal recycling industry with its strategic positioning, competitive licenses, and focus on supporting critical infrastructure projects. As prices for scrap steel surge and tariffs on imports take effect, Greenwave’s future looks bright as it continues to drive revenue growth and margin expansion in the market.