AA News & Events

Trump administration is set to modify duties on imported steel and alumium finished products to help simplify compliance with a 25% tariff, the Wall Street Journal's Gavin Bade and Bob Tita report, citing people with knowledge of the plans. The 25% tariff would apply to the entire value of a finished product containing steel and aluminum and replace the current 50% duty, which only applies to the value of steel or aluminum used in a product, which could effectively raise costs for many imports, the report stated. Publicly traded companies in the Steel space include ArcelorMittal (MT), Cleveland-Cliffs (CLF), Nucor (NUE), Steel Dynamics (STLD) and U.S. Steel (X). Public companies in Aluminum include Alcoa (AA), Century Aluminum (CENX), and Kaiser Aluminum (KALU).

Aluminum stocks including Alcoa (AA), Kaiser Aluminum (KALU), and Century Aluminum (CENX) are rising after Bloomberg reported that Emirates Global Aluminium, the Middle East's top producer of the metal, halted operations at its Al Taweelah smelter after the site was struck by Iranian missiles and drones over the weekend. Aluminum futures on the London Metal Exchange have surged with another major producer in the region, Aluminium Bahrain, also confirming its operations were attacked by Iran over the weekend, says Bloomberg, which notes that the two plants are among the world's largest, each producing 1.6 million tons of aluminum in 2025.

Alcoa is up 12.6%, or $7.34 to $65.75.