U.S. tariffs boost steel producers after Canada talks break down
U.S. steel producers Nucor, Steel Dynamics and Cleveland-Cliffs rise after U.S.-Canada trade talks break down, new U.S. tariffs on Canadian goods are imposed, and Mark Carney suspends negotiations and vows like-for-like retaliation.
STLD NUE Nucor up 3.4%, Steel Dynamics up 5%, CLF Cleveland-cliffs up 1.5% in Steel producers after U.S. and Canada trade talks broke down over the weekend, and the U.S. imposed new tariffs on Canadian goods, which is boosting shares of U.S. metal producers.
Canadian Prime Minister Mark Carney suspended negotiations and vowed to retaliate with like-for-like tariffs