Steel stocks surge after Trump doubles steel tariffs, Cleveland Cliffs jumps 25%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 02 2025
0mins
Source: CNBC
Steel Tariff Increase: President Trump announced a doubling of tariffs on steel imports from 25% to 50%, leading to significant stock price increases for major steel companies like Cleveland-Cliffs, Steel Dynamics, and Nucor.
Global Trade Tensions: The European Union criticized the tariff hike, stating it undermines negotiations and is prepared to impose countermeasures, while Trump touted a partnership between U.S. Steel and Nippon Steel as beneficial for American jobs.
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Analyst Views on STLD
Wall Street analysts forecast STLD stock price to fall
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 227.070
Low
185.00
Averages
190.71
High
195.00
Current: 227.070
Low
185.00
Averages
190.71
High
195.00
About STLD
Steel Dynamics, Inc. is an industrial metals solutions company. Its Steel Operations segment consists of electric arc furnace steel mills that produce steel from ferrous scrap and scrap substitutes, using continuous casting and automated rolling mills, along with numerous steel coating, processing, and warehouse operations. Its Metals Recycling operations include both ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services throughout the United States and in Central and Northern Mexico. Its Steel fabrication operations include its New Millennium Building Systems joist and deck plants located throughout the United States, and in Northern Mexico. Its Aluminum Operations segment includes the recycled aluminum flat rolled products mill being constructed in Columbus, Mississippi, and two satellite recycled aluminum slab centers in the southwest United States and Central Mexico, and an ancillary recycled aluminum deox-rod facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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