Steel, Aluminum Shares Rising After President Trump Tariff News

Date : 12/02/2019 @ 5:19PM
Source : Dow Jones News
Stock : AK Steel Holding Corp (AKS)
Quote : 2.82  -0.06 (-2.08%) @ 1:00AM
After Hours
Last Trade
Last $ 2.83 ▲ 0.01 (0.35%)

Steel, Aluminum Shares Rising After President Trump Tariff News

Alcoa (NYSE:AA)
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   By Stephen Nakrosis 
 

Shares of some steel and aluminum producers are pushing higher in Monday's market, following news of President Donald Trump's plans to restore tariffs on imports of the metals from Brazil and Argentina.

Around 11:30 a.m. EST, shares of Alcoa Corp. (AA) had gained 2.08% to trade at $20.77. Century Aluminum Co. (CENX) shares were up 4.04% at $7.33. Steel Dynamics Inc. (STLD) shares were up 1.51% at $34.24.

United States Steel Corp. (X) shares were up 3.28% at $13.55, and AK Steel Holding Corp. (AKS) shares were trading 6.7% higher at $2.94. Schnitzer Steel Industries Inc. (SCHN) shares were up 2.18% at $22.02 on the Nasdaq.

The American depository receipts for Argentina's Tenaris SA (TS) were down 1.39% at $20.99 on the New York Stock Exchange, but Brazilian steel maker Gerdau SA (BBG) saw its ADRs rising 2.02% on the NYSE, to $4.05. The ADRs of another Brazilian steel company, Companhia Siderurgica Nacional (SID), were up 3.55% on the NYSE.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

December 02, 2019 12:04 ET (17:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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