#USA #Chesapeake #Greenwave #scrap metal #Tariffs

Greenwave Technology Solutions Braces for Demand Surge

Greenwave Technology Solutions, Inc., known for its focus on supplying domestically sourced metals, has announced plans to prepare for a significant increase in demand. This comes on the heels of recent federal tariffs on imported steel and aluminum, which have sparked heightened interest in US-made materials, particularly within the recycling and steel industries.

Context of Tariffs

On February 10, 2025, President Trump declared a 25% tariff on steel and aluminum imports, establishing that these tariffs would apply universally to all countries without exceptions or exemptions. This sweeping decision is intended to bolster domestic manufacturing capabilities and reduce reliance on foreign imports. Greenwave, with its robust supply chain and production capabilities, is strategically positioned to benefit from this policy shift.

Rising Prices and Increased Demand

Following the tariff announcement, prices for scrap metal have already surged in February 2025, and analysts predict that they will continue to climb. Greenwave is responding to this market dynamic by ramping up production of its 100% domestically sourced scrap metal products, such as steel, aluminum, copper, and Zorba. The company’s customer base includes significant industry players like Nucor, Sims Metal Management, and Cleveland-Cliffs, which enhances its market stability.

“Domestic sourcing is not just a preference; it’s becoming a necessity,” said a company spokesperson. “Our infrastructure and operational agility allow us to meet the burgeoning demand from steel mills across the nation.”

Infrastructure and Logistics

Greenwave’s ability to seamlessly fulfill customer orders is supported by a fleet of over 50 trucks, enabling quick delivery times even amidst existing supply chain disruptions. Additionally, the company has recently acquired properties for seven core facilities, which is expected to lower its annual rent expenses significantly by approximately $1.7 million. This expansion not only ensures operational resilience but also facilitates rapid response times to market needs.

Recent Financial Growth

In light of the expected demand, Greenwave has raised its revenue guidance for the fiscal year 2025 to an impressive $47-50 million, projecting substantial growth tied to the newfound focus on domestic production. With estimates of current metal inventories surpassing $6 million, the company is positioned for a favorable 2025 fiscal outlook.

The comprehensive investment strategy that Greenwave has undertaken—over $20 million devoted to upgrading equipment and facilities—demonstrates its commitment to scaling operations effectively. This includes expanding its innovative AI-powered Scrap App, a tool designed to streamline the scrap car buying process, which has been rolled out in several key markets.

Commitment to National Growth

Greenwave’s operations significantly contribute to national security and infrastructure projects through its recycling efforts. By meeting essential demands with local resources, the company not only prepares for profitability but also champions the idea of 'Made in America'.

As the industry navigates this transformative period dictated by policy changes, Greenwave Technology Solutions is not just prepared to adapt but is set to thrive, ideally positioned at the intersection of regulatory support for domestic industries and a growing market need for recycled metals. Greenwave stands poised to capture increased profit margins while helping fulfill the nation's steel and aluminum requirements in a more sustainable manner.

For more detailed information on Greenwave’s operations and financial updates, interested individuals can visit their official website www.GWAV.com.