The U.S. election results have stirred up first reactions in the markets. Analysts from JPMorgan Chase & Co see Donald Trump’s return to the White House as a potential shift in the commodity market. The bank’s equity research analyst, Bill Peterson, noted Trump’s history of deregulation and tariff-heavy policies, suggesting that this approach could lead to greater domestic support for the U.S. steel industry. “We expect a broad-based positive knee-jerk reaction for steel equities,” Peterson said in a note, pointing to the likely impact of more tariffs on Chinese and Mexican steel. In contrast,…