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0 -1.09409190371736E-05 0.00547045951859964 0.00875273522975931 0.0098468271334792 0.0109409190371991 0.037363238512035 0.0542997811816192
Stock impact report

Steel At Heart Of New Trump Trade War [Barron's]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Barrons
The 25-percent tariffs, which also hit US imports of aluminium, came into effect at midnight in Washington, hitting numerous nations from Brazil to South Korea, as well as the European Union. Washington has framed the tariff moves as a bid to protect US steel and American workers as the sector declines and faces fierce overseas competition, especially from Asia. Global steel production hit 1.84 billion tonnes in 2024, a 0.9 percent drop from the previous year, according to the latest figures from the World Steel Association trade body. China is the biggest producer, accounting for more than half of world output with more than one billion tonnes. The United States stands in fourth place with 79.5 billion tonnes, which was down 2.4 percent from 2023. The world's biggest economy imported 26.4 million tonnes of the alloy in 2023, making it the second-largest market for foreign steel behind the European Union. Canada tops the list of the United States' biggest steel providers, Show less Read more
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