Company News

BUZZ-Stelco Holdings: Shares continue to rise after U.S. lifts metal tariffs

** Shares of Canadian steel producer rise 5.5% to C$18.4

** The jump adds to Friday’s gains after the United States struck deals to lift tariffs on steel and aluminum imports from Canada and Mexico

** Shares of Stelco soared 11 percent on the news on May 17, and have risen 18.2% since

** Earlier in the day the White House tweeted here, "We've just reached an agreement with Canada and Mexico, and we'll be selling our product into those countries without the imposition of tariffs or major tariffs"

** 5 of 7 brokerages rate the stock “buy” or higher, and 2 “hold”; their median PT is C$19.86

** Shares up 27.5% YTD (Reporting By Arundhati Sarkar in Bengaluru)