Metal stocks surge as U.S. tariffs on steel and aluminum imports take effect.

From StockTwits: 2025-03-13 01:08:15

Shares of steel and aluminum companies like Cleveland-Cliffs Inc. (CLF), Steel Dynamics Inc. (STLD), and United States Steel Corp. (X) surged as U.S. tariffs on all steel and aluminum imports took effect. Cleveland-Cliffs, Steel Dynamics, U.S. Steel, and Nucor Corp. (NUE) rose by up to 8% in Wednesday’s trade. Canada, the largest foreign supplier of these metals to the U.S., was impacted and retaliated with $20 billion in tariffs. Commerce Secretary Howard Lutnick mentioned that copper imports would also face tariffs eventually. Retail sentiment on stocktwits for Cleveland-Cliffs was extremely bullish.

One user on Stocktwits expressed that as long as tariffs are in place, the CLF stock will surge to double digits. Cleveland-Cliffs’ stock has gained over 4% year-to-date. Retail sentiment around Steel Dynamics stock was bearish, and investors were cautious about U.S. Steel. Email newsroom[at]stocktwits[dot]com for updates and corrections.



Read more at StockTwits: Cleveland-Cliffs, Steel Dynamics, US Steel, And Other Metal Stocks Surge As Trump’s Tariffs Take Effect: Retail’s Bullish