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U.S. steel shares slump on more exemptions from Trump's tariffs 4:54pm EDT [Reuters]

Nucor Corp (NUE)  More Company Research Source: Reuters
Last nucor corp earnings: 10/18 09:00 am Check Earnings Report
US:NYSE Investor Relations: nucor.com/investor
PDF U.S. steel shares slump on more exemptions from Trump's tariffs | Reuters 3 Min Read NEW YORK (Reuters) - Shares of U.S. steel and aluminum companies were hammered on Thursday as the United States said it would exempt more countries from a tariff on metals imports that has been promoted as invigorating industry. The S&P 1500 steel index .SPCOMSTEEL tumbled 7.4 percent, its biggest single-day percentage decline since September 2011. Shares of U.S. Steel Corp ( X.N ) dropped 11 percent while shares of Nucor Corp ( NUE.N ), the lone steel stock in the S&P 500 .SPX , dropped 6.5 percent. The steel index fell to its lowest point since Feb. 9 and is now down 9.2 percent since Feb. 28, the day before U.S. President Donald Trump announced plans to impose 25 percent tariff on steel imports and 10 percent on aluminum imports. The duties are set to start on Friday. U.S. Trade Representative Robert Lighthizer told a Senate committee hearing that Trump had chosen to “pause” the imposition of m [Read more]

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