Steel prices are experiencing a significant downturn, prompting bearish sentiment among market observers. In contrast, lumber prices are on the rise, reaching their highest levels in eight months. Recent reports indicate that lumber has hit its highest closing price since February 2023, driven by preemptive purchasing in anticipation of expected U.S. tariffs. This divergence in market trends highlights contrasting dynamics in the steel and lumber sectors, with steel companies like U.S. Steel Corporation (ticker: $X), Cleveland-Cliffs Inc. (ticker: $CLF), Nucor Corporation (ticker: $NUE), and Steel Dynamics, Inc. (ticker: $STLD) facing pressure, while lumber continues to gain traction.