US steel and aluminum producers jump as Trump plans additional import tariffs
** Shares of steel and aluminum manufacturers in the United States climb after President Donald Trump said he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metal duties
** U.S. Steel X adds 7.1%, following on comments from Japan's Chief Cabinet Secretary Yoshimasa Hayashi that Nippon Steel
5401 is considering a bold change in buyout plan
** Among other steelmakers, Nucor NUE rise 3% and Steel Dynamics
STLD
** Roughly a quarter of all steel used in the U.S. is imported, mostly from neighbours Mexico and Canada or close allies in Asia and Europe like Japan, South Korea and Germany
** Aluminum companies Century Aluminum CENX gain 8.8% and Alcoa
AA up 5.1%
** Roughly half all aluminum used in the U.S. is imported, and the vast majority comes from Canada
** Asian and European peers fall