Trump's rates have allowed us to build a new $ 1 billion plant

US tariffs on steel imports are indeed improving the business of the great American steelmaker Nucor, said Tuesday at CNBC the company's chief executive officer, John Ferriola.

"The tariffs on the" dumping "of steel in the United States have totally revived our steel industry," he wrote. "New factories and expanded factories are being established across the US We have not only saved this important industry, but also created many new jobs, and billions have been added to our cash flow." GREAT VICTORY FOR STATES -UNITED."

And, if you ask Ferriola, the president may be right. The CEO told Cramer that Nucor not only had a "record" fourth quarter and 2018, but also many steel users.

"2018 was a record year for Nucor, but it was also a record year for many of our customers," Ferriola said. "In fact, it was a very good year for the manufacturing sector in general.In 2018, the manufacturing sector as a whole is on the brink of achieving its highest profit, the profit margin, since the beginning of the twenty-first century. The manufacturing industry as a whole is doing very well and our customers are doing very well. "

Nucor shares jumped 2.79% Tuesday after the announcement of the company's results. The title still costs about $ 10 per share on its 70-week maximum, the highest in 52 weeks.