US steel companies capitalise on Trump's fresh tariff threat

ReutersJun 2, 2025 8:56 AM

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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

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