Shares of steel-related companies are trading higher after President Trump said in a social media post that tariffs on cars, trucks, automotive parts and steel from Canada will be increased to 50% from January 1, 2027. Steelmakers with U.S. production facilities may benefit from the protectionist import duties.

Shares of steel and industrial metal-related companies are trading higher. July's Factor Order data could signal growing demand, and the Beige Book noted increased manufacturing activity across most districts.

CORRECTION: United Steelworkers Announces Negotiations To Continue With U.S. Steel, Cleveland Cliffs Steel

https://usw.org/press-release/bargaining-will-continue-past-expiration-with-u-s-steel-and-cleveland-cliffs/

Canada Fires Back At Trump: Up to 50% Tariffs on $20 Billion of US Goods

Canada hit back at Trump with tariffs of up to 50% on $20B of U.S. goods, escalating the trade war ahead of Sept. 8.

Schumer, Pritzker and Others Slam Trump’s Canada Tariffs: ‘Economic Warfare’ Could Raise Costs for Americans

Schumer warned Trump’s Canada tariffs could raise costs for American families and manufacturers, urging Republicans to challenge the trade policy.

JP Morgan Maintains Overweight on Gerdau, Raises Price Target to $6.5

JP Morgan analyst Rodolfo Angele maintains Gerdau (NYSE:GGB) with a Overweight and raises the price target from $6 to $6.5.

Gerdau Q2 EPS $0.15, Inline, Sales $3.534B Beat $3.350B Estimate

Gerdau (NYSE:GGB) reported quarterly earnings of $0.15 per share which met the analyst consensus estimate. This is a 114.29 percent increase over earnings of $0.07 per share from the same period last year. The company