May 31, 2018 / 2:48 PM / 6 months ago

BUZZ-U.S. steel stocks rise after Trump moves ahead with tariffs

** Shares of U.S. steel and aluminum producers rise after Donald Trump administration goes ahead with tariffs on aluminum and steel imports from EU, Mexico, Canada

** White House will proceed with plans for a 25 percent tariff on steel and a 10 percent tariff on aluminum imports

** However, U.S. Commerce Secretary Wilbur Ross says there is still room for negotiations

** Shares of U.S. Steel Corp, AK Steel up >3.5 pct, while Nucor up ~1 pct; Century Aluminum rises 3.1 pct

** S&P 500 Steel index up 0.5 pct (Reporting by Laharee Chatterjee in Bengaluru)

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