US steelmakers up after Trump's 2024 election win
Updates
** Shares of U.S. steelmakers jump after Donald Trump elected as president of United States
** Cleveland-Cliffs CLF.N up 17%, Nucor NUE.N up 14%, U.S. Steel X.N up 4.5% and Steel Dynamics STLD.O up 11%
** Some analysts have noted in the run-up to the election that a Trump presidency may mean rising protections for the domestic steel industry
** U.S. Steel X.N rises despite Trump opposition to its $14.9 bln merger with Japan's Nippon Steel 5401.T
** Shares of steel companies in the United States have fallen this year on a sluggish pricing environment due to oversupply
** Alumina refiner Alcoa AA.N also up 1%
Reporting by Abhijith Ganapavaram and Anshuman Tripathy in Bengaluru
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