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

Century Aluminum

11/02/2025 15:01

(Updates)
    ** Shares of steel and aluminum manufacturers in the United
States rise after President Donald Trump raises tariffs on steel
and aluminum imports to a flat 25% "without exceptions or
exemptions"
    ** United States Steel  X.N , Nucor  NUE.N  and Steel
Dynamics  STLD.O  up 1% each; Cleveland-Cliffs  CLF.N  up more
than 2%
    ** 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  rises 10% 
and Alcoa  AA.N  rises 3% 
    ** 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))