U.S. steel, aluminum stocks rise after Canada, EU impose retaliatory tariffs

• March 12, 2025

** Shares of U.S. steel and aluminum companies rise after Canada and EU respond with retaliatory tariffs

** US duty rate on steel, aluminum rises to 25% as exemptions end

** EU responds with tariffs on up to 26 bln euros ($28 bln) of US goods, Canada imposes C$29.8 bln ($20 bln) in retaliatory tariffs

** Steelmaker US Steel X rises ~1%, Nucor NUE up 1.4% and Steel Dynamics STLD rises 3.2%

** Aluminum companies Century Aluminum CENX rise 6.6%, Alcoa AA up 2.6%