Key Takeaways The S&P 500 slipped 0.3% on Wednesday, June 11, as investors weighed softer-than-expected inflation data and progress on U.S.-China trade talks.Shares of Nucor and other steelmakers lost ground following reports that the U.

Last week, the Trump Administration enforced new levies against steel and aluminum imports, doubling the existing 25 percent tariff. These high duties join similar taxes on other essential construction materials such as lumber and timber,

The 50% steel and aluminum tariffs could lead to higher prices on everything from cars to home and office supplies.

The steel used in cans is mostly imported—and subject to the Trump administration’s new 50% levy.

Global efforts to decarbonize the steel industry are accelerating through green hydrogen, biocarbon, and electrification, though high costs and energy needs pose serious challenges.

Tariffs imposed by the Trump administration on imported steel and aluminum increased from 25% to 50%, intensifying uncertainty among homebuilders.

The United Steelworkers Union has filed an official information request to U.S. Steel regarding a proposed partnership with Nippon Steel.

The Trump administration’s new 50% duty on imported steel could increase store prices for items in steel cans by 9% to 15%, according to the Consumer Brands Association,

Canadian Industry Minister Melanie Joly said the government will soon announce measures to clamp down on steel dumping from foreign countries and help domestic manufacturers hit by punishing US tariffs.