Seeking Alpha

Steel names surge as U.S. slaps duties on steel pipe imports from South Korea

  • U.S. Steel (X +3.2%) and other steel stocks surged near the close after the U.S. Commerce Department set duties of up to 15.75% on steel pipe from South Korean and eight other countries used in the oil and natural gas industry.
  • The action reverses an earlier decision after the U.S. steel industry filed a complaint that it was being hurt by unfair competition from overseas.
  • AKS +0.6%, NUE -0.5%, STLD +1.2%, RS +0.4%, SCHN +2%.
Comments (2)
  • RuYi
    , contributor
    Comments (4) | Send Message
     
    Cheers to buy America!!
    11 Jul 2014, 05:07 PM Reply Like
  • jumpnjoey77
    , contributor
    Comments (718) | Send Message
     
    NUE is in a funk. Can not even rally on this.
    11 Jul 2014, 07:28 PM Reply Like
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