US steel, aluminum cos rise after Trump raises tariffs on steel, aluminum imports

Century Aluminum

11/02/2025 11:32

** Shares of steel and aluminum manufacturers in the United
States rise premarket after President Donald Trump raises
tariffs on steel and aluminum imports to a flat 25% "without
exceptions or exemptions"
    ** United States Steel  X.N  up 1%, Nucor  NUE.N  and Steel
Dynamics  STLD.O  rise more than 2% in premarket trade
    ** Roughly a quarter of all steel used in the U.S. is
imported, mostly from neighbors Mexico and Canada or close
allies in Asia and Europe like Japan, South Korea and Germany
    ** Aluminum companies Century Aluminum  CENX.O  and Alcoa
 AA.N  up more than 1% premarket
    ** Roughly half all aluminum used in the U.S. is imported,
with the vast majority coming from Canada

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))