(Reuters) -Shares of BlueScope Steel rose to a more than two-month high on Monday, buoyed by expectation that the Australian steelmaker's U.S. business would gain from potential tariffs on all steel ...
Shares of steel and aluminum companies, including Tata Steel and JSW Steel, are likely to be in focus on Monday following US President Donald Trump’s announcement of a 25% tariff on all steel and ...
In the U.S., for instance, tariffs accounted for less than 2% of the federal government’s revenue in 2023. Poorer countries often have far higher tariff rates ... tariffs on steel and aluminum ...
With materials crossing the U.S.-Canada border multiple times during steel production — plus Canada's reliance on the U.S. companies buying its steel — the local industry has a lot to lose if 25 per ...
"U.S. steel mills will use the tariffs as leverage vs. buyers to garner higher pricing," Gibbs added. Futures prices for hot-rolled coil steel (HRN00) rose 1.8% in recent trading toward a five ...
Tariffs don't directly cause interest rates to rise. If inflation rises ... For example, if tariffs increase the cost of raw materials like steel or aluminum, companies that use those materials ...