No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 1, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Australia’s BlueScope surges on Trump’s plan to double tariffs on steel imports

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 2 mins read
A A
Australia’s BlueScope surges on Trump’s plan to double tariffs on steel imports
Share on FacebookShare on TwitterShare on LInkedIn


By Nikita Maria Jino

(Reuters) -Shares of Australian steel producer BlueScope Steel jumped on Monday to a more than three-month high after U.S. President Donald Trump said he planned to double tariffs on imported steel.

Shares of BlueScope, which operates five businesses in North America including the North Star mill in Ohio, were up as much as 9.4% at A$24.88 in early trade.

The stock was among the top performers in the broader ASX 200 benchmark index, which was down 0.4%.

Trump on Friday said that he planned to double tariffs on imported steel and aluminium to 50%, ratcheting up pressure on global steel producers and deepening his trade war.

These proposed tariffs could bode well for BlueScope in enhancing steel prices in the U.S., thus driving tailwinds for the company, said Grady Wulff, a market analyst at Bell Direct.

In mid-February, the stock rose 12% after the company’s chief executive Mark Vassella said that the business could benefit from Trump’s protectionist tariffs.

However, shares have slipped nearly 10% since Vassella’s statements.

Uncertainty of a rebound in demand from China for steel and steelmaking ingredients has weighed on all companies with exposure to this market, Wulff said, along with tariffs which are increasing uncertainty around the recovery of demand for steel-related materials.

BlueScope has borne the brunt of weak iron ore prices, which have fallen 3.5% so far this year.

North America was BlueScope’s biggest revenue-generating segment in the six months to December 31, 2024, accounting for 42%, or A$309 million ($199.77 million), of all underlying earnings before interest, taxes, depreciation and amortisation. Australia made up 39%, or A$288 million.

($1 = 1.5468 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru; Editing by Sherry Jacob-Phillips and Rashmi Aich)



Source link

Tags: AustraliasBlueScopedoubleimportsplanSteelSurgesTariffsTrumps
ShareTweetShare
Previous Post

How to Prep Your Response

Next Post

Terrorists For Harris – Freed Hostage Reveals Hamas Was Afraid Of Trump

Related Posts

edit post
Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

by TheAdviserMagazine
October 1, 2025
0

Before David Risher was tasked with scripting a “comeback story” for ride-sharing company Lyft, he made a career move so...

edit post
AI godfather warns humanity risks extinction by hyperintelligent machines with their own ‘preservation goals’ within 10 years

AI godfather warns humanity risks extinction by hyperintelligent machines with their own ‘preservation goals’ within 10 years

by TheAdviserMagazine
October 1, 2025
0

The so-called “godfather of AI”, Yoshua Bengio, claims tech companies racing for AI dominance could be bringing us closer to...

edit post
Conagra Reaffirms Outlook Even As Tariffs Add To Inflation

Conagra Reaffirms Outlook Even As Tariffs Add To Inflation

by TheAdviserMagazine
October 1, 2025
0

Conagra Brands Inc. (NYSE:CAG) on Wednesday posted first-quarter fiscal 2026 results that topped Wall Street expectations but showed year-over-year declines....

edit post
US markets regulators start shuttering as government shutdown cuts federal funding

US markets regulators start shuttering as government shutdown cuts federal funding

by TheAdviserMagazine
October 1, 2025
0

U.S. market regulators began the process of furloughing workers on Wednesday as the federal government shut down after Congress failed...

edit post
Central Asia’s maiden crypto fund launched in Kazakhstan

Central Asia’s maiden crypto fund launched in Kazakhstan

by TheAdviserMagazine
October 1, 2025
0

Central Asia's maiden Crypto fund has been launched in Kazakhstan.Alem Crypto Fund has started operating in Kazakhstan. It was established...

edit post
I’m the CEO of an AI startup that finds blind spots in visual data. If missed, it can cripple your AI models

I’m the CEO of an AI startup that finds blind spots in visual data. If missed, it can cripple your AI models

by TheAdviserMagazine
October 1, 2025
0

Every company wants to make breakthroughs with AI. But if your data is bad, your AI initiatives are doomed from...

Next Post
edit post
Terrorists For Harris – Freed Hostage Reveals Hamas Was Afraid Of Trump

Terrorists For Harris - Freed Hostage Reveals Hamas Was Afraid Of Trump

edit post
Niva Bupa shares fall 11% as PE investor sells 12% stake in block deal

Niva Bupa shares fall 11% as PE investor sells 12% stake in block deal

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Central Asia’s maiden crypto fund launched in Kazakhstan

Central Asia’s maiden crypto fund launched in Kazakhstan

0
edit post
Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

0
edit post
Trump, Comey, and the Long History of the Unelected Government

Trump, Comey, and the Long History of the Unelected Government

0
edit post
Telegram to Let Users Trade Tokenized U.S. Stocks Directly in Its Crypto Wallet

Telegram to Let Users Trade Tokenized U.S. Stocks Directly in Its Crypto Wallet

0
edit post
Government Shutdown and Seniors: What You Need to Know About Social Security and Healthcare

Government Shutdown and Seniors: What You Need to Know About Social Security and Healthcare

0
edit post
9 Ways I Extend the Shelf Life of My Grocery Stockpile

9 Ways I Extend the Shelf Life of My Grocery Stockpile

0
edit post
Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

October 1, 2025
edit post
Government Shutdown and Seniors: What You Need to Know About Social Security and Healthcare

Government Shutdown and Seniors: What You Need to Know About Social Security and Healthcare

October 1, 2025
edit post
Telegram to Let Users Trade Tokenized U.S. Stocks Directly in Its Crypto Wallet

Telegram to Let Users Trade Tokenized U.S. Stocks Directly in Its Crypto Wallet

October 1, 2025
edit post
9 Ways I Extend the Shelf Life of My Grocery Stockpile

9 Ways I Extend the Shelf Life of My Grocery Stockpile

October 1, 2025
edit post
Dollar claws back losses from U.S. government shutdown, turns higher

Dollar claws back losses from U.S. government shutdown, turns higher

October 1, 2025
edit post
Financial Planning Doesn’t Have to Be Intimidating

Financial Planning Doesn’t Have to Be Intimidating

October 1, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’
  • Government Shutdown and Seniors: What You Need to Know About Social Security and Healthcare
  • Telegram to Let Users Trade Tokenized U.S. Stocks Directly in Its Crypto Wallet
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.