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President Trump once again declared that he will double the steel and aluminum tariffs to 50% next week. Cleveland-Cliffs is currently up 30.87%, Steel Dynamics is up 16.19%, Nucor Corporation (NUE) is up 15.22%, Commercial Metals is up 13.76%, Tenaris SA ADR is up 13.6%, ArcelorMittal SA ADR is up 4.64%, and VanEck Steel ETF is up 3.63%. Century Aluminum Company (CENX) is up 11.36%, Kaiser Aluminum Corporation (KALU) is up 1.96%, and Alcoa Corporation (AA) is down 0.45%.
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