US steel companies capitalise on Trump's fresh tariff threat

Century Aluminum

02/06/2025 09:56

** U.S. steel companies gain in premarket trade

** On Friday, Trump said he would raise tariffs on steel and aluminium imports to 50% from 25%, effective Wednesday, sparking widespread criticism from trade partners

** Cleveland Cliffs CLF.N jumps more than 26%; Nucor NUE.N gains 8.9%; Steel Dynamics STLD.O soars 11.3%

** Century Aluminum CENX.O climbed 12%, while Alcoa AA.N rose marginally

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com))