Cleveland-Cliffs Inc., a steel company in Ohio, USA, saw its stock price surge by 9.43% in after-hours trading, while Nucor rose by 4.24% and Steel Dynamics Inc. increased by 1.57%. U.S. President Trump promoted a 25% steel tariff in Pittsburgh, claiming he would raise the import tax to 50%. The White House subsequently announced that it would double the steel import tariff to 50% next week.
Risk Warning and Disclaimer
The market carries risks, and investment should be approached with caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at one's own risk

U.S. steel stocks performed strongly in after-hours trading, with Cleveland Cliffs rising over 9% and Nucor rising over 4%. The U.S. White House announced it would double steel import tariffs to 50%, triggering market reactions

- Cleveland-Cliffs Inc. shares rose 9.43% after hours, while Nucor Steel and Steel Dynamics Inc. increased by 4.24% and 1.57%, respectively.  
- President Trump promoted a 25% steel tariff in Pittsburgh, announcing plans to raise import taxes to 50%.  
- The White House confirmed that steel import tariffs will double to 50% next week, highlighting market risks and the need for cautious investment.

Steel stocks Cleveland Cliffs rose over 9% after hours, Nucor rose over 4%, and the U.S. will double the steel import tariff to 50% next week