Skip to main content

Steel and aluminum prices were taking a hit Tuesday, June 19, amid escalating trade war rhetoric between U.S. and China. 

After President Trump's announcement late Monday on possible more tariffs on China, steel and aluminum stocks plummeted. The possibility of a trade war with China has investors feeling gun-shy about the future profit potential of heavy machine industries

United States Steel Corp. (X) - Get United States Steel Corporation Report and Steel Dynamics Inc. (STLD) - Get Steel Dynamics Inc. Report  each slipped more than 3% on Tuesday, June 19. 

Scroll to Continue

TheStreet Recommends

AK Steel Holding Corp. (AKS) - Get AK Steel Holding Corporation Report and Nucor Corp. (NUE) - Get Nucor Corporation Report  each fell 2%.

Aluminum stocks were taking more of a hit than those in the steel industry. Century Aluminum Co. (CENX) - Get Century Aluminum Company Report shares dove more than 6.4%. Kaiser Aluminum Corp. (KALU) - Get Kaiser Aluminum Corporation Report dropped 2%, and Reliance Steel & Aluminum Co. (RS) - Get Reliance Steel & Aluminum Co. (DE) Report was down 2.5%.

Nucor is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells NUE?Learn more now.