0336 GMT - Shares in Australia-based steelmaker BlueScope are roughly 6% higher after President-elect Donald Trump pledged tariffs on China, Mexico and Canada. The U.S. is BlueScope's top region for growth. The steelmaker, which runs the North Star mini-mill in Ohio, is working to boost volumes there by another 10% following the recent completion of an expansion that increased output by nearly 50%. BlueScope's stock hit an intraday high of A$22.80 in Sydney, its highest price since Nov. 8. It recently traded at A$22.47. Trump says in a social-media post he would impose an additional 10% tariff on all products that come into the U.S. from China, the world's largest steel producer by far. That would be on top of existing tariffs the U.S. has already imposed on Chinese goods. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
November 25, 2024 22:36 ET (03:36 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。