Steel, Aluminum Shares Rising After President Trump Tariff News
03 December 2019 - 4:19AM
Dow Jones News
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)
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