Higher Steel Tariffs Boost Materials Sector -- Materials Roundup

Dow Jones

2025/06/03

Materials stocks ended Monday with gains, propelled by steelmakers that investors bid up on the heels of President Trump's announcement of greater steel tariffs. Nucor, Steel Dynamics and Cleveland-Cliffs all posted strong gains.

Shares of Dow, a chemical company, fell after it said it reached a deal to exit its DowAska partnership with Turkey's Akkok Holding. Dow said it is selling its 50% stake in the venture back to Akkok.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

June 02, 2025 16:51 ET (20:51 GMT)

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