Australia's BlueScope surges on Trump's plan to double tariffs on steel imports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 02 2025
0mins
Source: Yahoo Finance
BlueScope Steel's Stock Surge: Shares of BlueScope Steel rose to a three-month high following President Trump's announcement to double tariffs on imported steel, with the stock increasing by as much as 9.4% in early trading.
Market Challenges and Revenue Insights: Despite the positive impact of tariffs on pricing, uncertainties regarding demand from China and weak iron ore prices have affected BlueScope's performance, with North America being its largest revenue source.
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.
