The United States may reduce tariffs, causing stock prices of steel and aluminum giants to fall sharply

On Friday morning, U.S. stocks saw a decline in the prices of steel and aluminum producers. This follows reports that the Trump administration is working to narrow the previously broad tariff policies on steel and aluminum products. As the New York market opened, Century Aluminum's stock price plummeted by 13.3%; Alcoa fell by more than 6%. Meanwhile, aluminum futures prices on the London Metal Exchange (LME) also experienced a decline. Steel giant Nucor dropped by as much as 6.2%, while Cleveland-Cliffs Inc. fell by 7.6%. Although these companies' stock prices later recovered some ground, the overall decline remained significant