US Steel is surging after Mnuchin says the steel tariffs are still on for China [MSN Money]
Steel Dynamics, Inc. (STLD)
Last steel dynamics, inc. earnings: 4/20 06:00 pm
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Source: MSN Money
© Carolyn Kaster/AP US Steel is surging Tuesday, up 3.57%, after Treasury Secretary Steven Mnuchin said steel and aluminum tariffs will remain in place for China. The gains have erased the losses that developed on Monday after Trump said the US would suspend tariffs on $150 billion worth of Chinese imports . Other steel manufacturers are also gaining on the news, with Nucor and Steel Dynamics are both up 1.2%. As it relates to China, the steel and aluminum tariffs will remain enforced, Mnuchin said at a Senate appropriations committee hearing on Tuesday . Those were not part of our discussions. US Steel's stock has moved directly in line with tariff announcements. When Trump first announced the tariffs in early March, the stock jumped. At the time, Cowen and Company analyst Novid Rassouli told Business Insider that the steel manufacturer's operating income could become laughably high. US Steel is down 2.77% this year. © Markets Inside
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News
- Steel Dynamics, Inc. (NASDAQ:STLD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics (STLD) Q1 Earnings Top on Higher Selling Prices [Yahoo! Finance]Yahoo! Finance
- Reminder: Steel Dynamics Announces First Quarter 2024 Earnings Conference Call and WebcastPR Newswire
- Compared to Estimates, Steel Dynamics (STLD) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
STLD
Earnings
- 4/23/24 - Beat
STLD
Sec Filings
- 4/24/24 - Form 8-K
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- STLD's page on the SEC website