US1858991011 - Common Stock
Nucor stock and Cleveland-Cliffs rallied as prospects for U.S. steel companies brighten following the election of Donald Trump.
EQNX::TICKER_START (NYSE:CLF),(NYSE:SCCO),(NYSE:CCJ),(NYSE:TECK),(NASDAQ:STLD) EQNX::TICKER_END
A Trump victory could mean higher tariffs on foreign steel, with a key merger in limbo.
CLF earnings call for the period ending September 30, 2024.
The auto sector is hurting Cleveland-Cliffs right now.
President Joe Biden’s trade and labor chiefs traveled to the election battleground state of Pennsylvania on Friday to tout the administration’s use of tariffs and industrial policy as a way to protect steelworkers from unfair competition.