Dan Luttner

“That's where this actually bites,”

Dan Luttner · said date not stated · reported 2026-08-30

Dan Luttner pointed to the challenge corporate planning teams face in tracking cross-border components.

“Hormuz is geography, the oil has nowhere else to go. This is policy — the volume can reroute, reshore, or get absorbed into price, it just takes 12 to 24 months of capital and requalification to do it,”

Dan Luttner · said date not stated · reported 2026-08-30

Dan Luttner contrasted policy-driven trade disputes with physical geographic chokepoints like the Strait of Hormuz.

“But that's not the interesting question. The interesting question is who controls their feedstock inside the wall versus who's still exposed to it?”

Dan Luttner · said date not stated · reported 2026-08-30

Dan Luttner emphasized the importance of feedstock control in evaluating companies affected by tariffs.

“So the upside is real, but it's not immune to the same friction it's supposed to be protected from,”

Dan Luttner · said date not stated · reported 2026-08-30

Dan Luttner commented on Century Aluminum's continued exposure to cross-border input friction.

“Canadian primary aluminum into U.S. extruders, U.S.-melted steel going north for finishing, coming back south inside finished autos and appliances. A tariff doesn't tax that shipment once. It compounds every time the metal re-crosses,”

Dan Luttner · said date not stated · reported 2026-08-30

Dan Luttner explained how multi-crossing supply chains compound tariff costs across the border.

“It's a slow-motion reallocation. So the real story isn't which stock popped, it's which manufacturers had already de-risked their supply chain before this week, and which ones are only now finding out how many times their product crosses that border,”

Dan Luttner · said date not stated · reported 2026-08-30

Dan Luttner described how supply chain de-risking differentiates manufacturers facing new border tariffs.

“The stock pop is a headline reflex, honestly — mills reprice to replacement cost the second a 50% wall goes up, so of course Nucor and Cleveland-Cliffs jumped,”

Dan Luttner · said date not stated · reported 2026-08-30

Dan Luttner explained why steel stocks rallied immediately following the tariff announcement.