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Barchart
Barchart
Wajeeh Khan

STLD Stock Leads U.S. Steel Stocks Higher Amid Escalating Trade War With Canada

STLD Steel Dynamics Canada

Steel Dynamics (STLD) stock is pushing higher on Monday after President Donald Trump threatened 50% tariffs on Canadian vehicles and steel from Jan. 1, 2027.

As investors cheered the announcement, STLD was briefly seen trading above its 100-day moving average (MA), indicating bulls are attempting to regain control of the near-to-medium term.

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