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U.S. steel, aluminum stocks rise after Canada, EU impose retaliatory tariffs

ReutersMar 12, 2025 4:37 PM

Shares of U.S. steel and aluminum companies rise after Canada and EU respond with retaliatory tariffs

US duty rate on steel, aluminum rises to 25% as exemptions end

EU responds with tariffs on up to 26 bln euros ($28 bln) of US goods, Canada imposes C$29.8 bln ($20 bln) in retaliatory tariffs

Steelmaker US Steel X.N rises ~1%, Nucor NUE.N up 1.4% and Steel Dynamics STLD.O rises 3.2%

Aluminum companies Century Aluminum CENX.O rise 6.6%, Alcoa AA.N up 2.6%

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