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Stock impact report

Steel Giants With Ties to Trump Officials Block Tariff Relief for Hundreds of Firms [The New York Times]

Nucor Corporation (NUE) 
Last nucor corporation earnings: 4/28 08:00 am Check Earnings Report
US:NYSE Investor Relations: nucor.com/investor
Image Nucor, a Charlotte-based steel manufacturer with ties to Trump officials, has challenged hundreds of requests from companies that say they need to import foreign steel components. Credit Stephen B. Morton for The New York Times By Jim Tankersley Aug. 5, 2018 WASHINGTON — Two of America’s biggest steel manufacturers — both with deep ties to Trump administration officials — have successfully objected to hundreds of requests by American companies that buy foreign steel to exempt themselves from President Trump’s stiff metal tariffs. They have argued that the imported products are readily available from American steel manufacturers. Charlotte-based Nucor, which financed a documentary film made by a top trade adviser to Mr. Trump, and Pittsburgh-based United States Steel, which has previously employed several top administration officials, have objected to 1,600 exemption requests filed with the Commerce Department over the past several months. To date, Show less Read more
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