BlueScope Steel Gains on Trump Steel-Tariff Talk -- Market Talk

Dow Jones

Feb 10, 2025

0103 GMT - Australia's BlueScope Steel is tipped to be a winner from President Trump's planned 25% tariffs on U.S. imports of steel and aluminum. The stock rises 2.8% to A$22.11/share, as the broader Australian market trades in the red. The U.S. is BlueScope's top region for growth. The steelmaker, which runs the North Star mini-mill in Ohio, is working to boost volumes there by another 10% following the completion of an expansion that increased output by nearly 50%. Trump says he plans to announce the 25% tariffs Monday. U.S. tariffs could help offset tough steel-market conditions for BlueScope, with spreads in Asia especially soft. BlueScope's stock hit A$22.365 earlier in Sydney, its highest since Dec. 2. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

February 09, 2025 20:03 ET (01:03 GMT)

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The stock rises 2.8% to A$22.11/share, as the broader Australian market trades in the red. The U.S. is BlueScope's top region for growth. The steelmaker, which runs the North Star mini-mill in Ohio, is working to boost volumes there by another 10% following the completion of an expansion that increased output by nearly 50%. Trump says he plans to announce the 25% tariffs Monday. U.S. tariffs could help offset tough steel-market conditions for BlueScope, with spreads in Asia especially soft. BlueScope's stock hit A$22.365 earlier in Sydney, its highest since Dec. 2. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7129":"钢铁","BSL.AU":"BLUESCOPE STEEL LTD"},"translate_title":"博思格钢铁因特朗普钢铁关税谈判而上涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSL.AU":0.9},"content_text":"0103 GMT - Australia's BlueScope Steel is tipped to be a winner from President Trump's planned 25% tariffs on U.S. imports of steel and aluminum. The stock rises 2.8% to A$22.11/share, as the broader Australian market trades in the red. The U.S. is BlueScope's top region for growth. The steelmaker, which runs the North Star mini-mill in Ohio, is working to boost volumes there by another 10% following the completion of an expansion that increased output by nearly 50%. Trump says he plans to announce the 25% tariffs Monday. U.S. tariffs could help offset tough steel-market conditions for BlueScope, with spreads in Asia especially soft. BlueScope's stock hit A$22.365 earlier in Sydney, its highest since Dec. 2. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 09, 2025 20:03 ET (01:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}