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

BUZZ-Stelco Holdings: Hits 4-week low as U.S. slaps tariffs on Canadian steel

** Canadian steel producer’s shares down 2.3 pct at a 4-week low of C$24.34

** Donald Trump’s administration imposes tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending a two-month exemption

** Trump on March 23 imposed a 25 pct tariff on steel imports and a 10 pct tariff on aluminum, but granted temporary exemptions to Canada, Mexico, Brazil, the EU, Australia and Argentina

** Tariffs make imports of steel and aluminum less attractive in the U.S.

** So far this year, STLC has risen 6.3 pct (Reporting by Anirban Paul)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below