Steel Dynamics (STLD) PT Raised to $42 at Cowen on Strong 1Q Report; 'Volume Growth' & 'Healthy Demand to Support Prices'

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Go back to Steel Dynamics (STLD) PT Raised to $42 at Cowen on Strong 1Q Report; 'Volume Growth' & 'Healthy Demand to Support Prices'

Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks

April 20, 2017 12:37 PM EDT

By Steve Holland and Mike Stone

WASHINGTON (Reuters) - President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent.

Citing concerns about national security, Trump made the announcement at a White House ceremony with U.S. steel executives from Nucor Corp (NYSE: NUE), United States Steel Corp (NYSE: X) and TimkenSteel Corp (NYSE:... More