Australia's BlueScope surges on US plan to hike steel import tariffs
ReutersJun 2, 2025 12:59 AM
June 2 (Reuters) - Shares of Australian steel producer BlueScope Steel BSL.AX jumped on Monday to their highest point in more than three months after U.S. President Donald Trump said he planned to double tariffs on imported steel.
Shares of BlueScope Steel, which operates five businesses in North America, were up 9.4% at A$24.88, as of 0052 GMT.
The stock was among the top performers in the broader ASX 200 benchmark index .AXJO.
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