U.S. steel companies fall on report U.S. to cut tariffs on Canadian metals
XLB•U.S. steel shares fall on tariff-cut report
- Shares of U.S. steel companies fall after report U.S. said to halve tariffs on Canadian steel, aluminum imports
- The tentative U.S.-Canada trade deal would lower tariffs on some Canadian steel and aluminum exports to 25%, Bloomberg News reports, citing people familiar with the matter
- Reuters could not immediately verify the report
- Steel Dynamics STLD.O down ~7%, Nucor NUE.N and Century Aluminum CENX.O fall more than 6% and Cleveland-Cliffs CLF.N down ~4%
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
