Cleveland-Cliffs, Steel Dynamics, US Steel, And Other Metal Stocks Surge As Trump's Tariffs Take Effect: Retail's Bullish
Shares of steel and aluminum companies like Cleveland-Cliffs Inc. (CLF), Steel Dynamics Inc. (STLD), United States Steel Corp. (X), and others surged on Wednesday as U.S. President Donald Trump’s proposed tariffs took effect.
Cleveland-Cliffs Shares Rise as Tariffs on Steel, Aluminum Go Into Effect
Cleveland-Cliffs shares rose 9% as markets reacted to tariffs implemented on all steel and aluminum imports by the Trump administration. Shares were trading around $9.84. The stock is down about 52% over the last year.
Cliffs' Goncalves among steel CEOs urging Trump to resist metal tariff exemption
The CEOs, which include Cleveland-Cliffs Inc.’s Lourenco Goncalves, Nucor Corp.’s Leon Topalian, and United States Steel Corp.’s David Burritt, argued that avoiding exemptions was a matter of national security.
Trump's tariffs on steel and aluminum take effect, escalating tensions with trade partners
Trump's action to bulk up protections for American steel and aluminum producers restores effective global tariffs of 25% on all imports of the metals.
Trump Tariffs Live: Steel and aluminum tariffs take effect, Canada, markets and business react
Global markets have been gripped by a sense of risk aversion ever since U.S. President Donald Trump triggered a tit-for-tat tariff war between the U.S. and its trade partners, which analysts have said could stoke inflationary pressures and trigger an economic slowdown.
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Cleveland-Cliffs shares surge as Trump proposes steel tariffs
such as Cleveland-Cliffs, who say they struggle to compete against cheap foreign metals. As they did during Trump’s first term as president, U.S. metal makers have been lobbying for the ...
Cleveland-Cliffs price target lowered to $11 from $13.50 at Seaport Research
Seaport Research lowered the firm’s price target on Cleveland-Cliffs (CLF) to $11 from $13.50 and keeps a Buy rating on the shares. The firm ...