Auto-component maker Shiloh Industries could be a net beneficiary from U.S. tariffs on steel and aluminum as well as potential future duties on the automotive industry supply chain more broadly. CEO Ramzi Hermiz has said the company’s “laser-welded products can offset up to 60% of the (steel and aluminum) tariff impact” on raw material costs for components made for Shiloh’s customers. The U.S. automakers have been increasing their U.S. steel and aluminum imports despite tariffs and as such may welcome Shiloh’s services. The sector has increased imports by...