SSAB shares rise as US-Canada
Photo: Pär Bäckström/TT

SSAB shares rise as US-Canada tariff dispute returns

SSAB is seen as a winner after this weekend's revived trade conflict between the US and Canada. Tariffs between the countries - which are now being imposed - had eroded competitive advantages for the Swedish steel manufacturer.

SSAB shares are up almost 4 percent after negotiations between the United States and Canada ended without a deal, leading to new 50 percent US tariffs on $20 billion worth of Canadian goods and a Canadian threat to retaliate "dollar for dollar."

With Monday's rise, SSAB shares have risen 44 percent since the turn of the year.

Aluminum giant Norsk Hydro is another stock that is doing well after the weekend's upbeat tone surrounding new tariffs from Washington and Ottawa.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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