UPDATE 1-US Commerce Secretary to reveal options for steel, aluminum tariffs [Reuters]
AK STEEL HOLDINGS (AKS)
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Source: Reuters
U.S. Commerce Secretary to reveal options for steel, aluminum tariffs | Reuters Reuters Staff 2 Min Read WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross will reveal options for steel and aluminum tariffs on national security grounds at noon a.m. EST (1700 GMT) on Friday, the department said, the first insight into how the Trump administration may proceed to curb imports of the metals. The department said Ross will not announce U.S. President Donald Trump’s decision on how to deal with the surge in steel and aluminum imports after U.S. producers said those products were unfairly hurting them. Some steel stocks were stronger in morning trade. U.S. Steel up 2 percent, and AK Steel up 1.1 percent. But the picture was mixed with some producers’ shares falling and the broad S&P 1500 steel index added 0.3 percent. Trump was presented with reports last month following parallel “Section 232” investigations into whether import restrictions on steel and aluminum are needed to protect
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