Reported 1 day ago
Shares of Australia's BlueScope Steel surged to a two-month high following expectations that potential U.S. tariffs on steel imports could benefit the company's U.S. operations. President Donald Trump announced plans for a 25% tariff on all steel and aluminum imports, which analysts suggest could enhance domestic steel prices, positively impacting BlueScope despite a expected dip in its Australian business revenues.
Source: YAHOO