Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota
Published . Updated .
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This report is about steel and tariffs and trade.
Directly affected
- No company is named in this report.
Indirectly affected
- SLX VanEck Steel ETF-2.2% 15d
VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tradewar” (tariffs and trade) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- NUE Nucor+10.7% 30d
Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story.
- CAT Caterpillar-23.2% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story.
- STLD Steel Dynamics+5.7% 30d
Steel Dynamics (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story.
- DE Deere-0.6% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story.
- WMT Walmart+12.9% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SLX | +0.29% | +0.29% | base | after close | after close | after close | after close |
| XLI | -1.66% | -2.29% | base | after close | after close | after close | after close |
| EWC | +2.17% | +0.68% | base | after close | after close | after close | after close |
| NUE | -0.72% | -0.05% | base | after close | after close | after close | after close |
| CAT | +14.53% | -0.17% | base | after close | after close | after close | after close |
| STLD | +0.96% | +1.31% | base | after close | after close | after close | after close |
| DE | -3.81% | +1.40% | base | after close | after close | after close | after close |
| WMT | -4.79% | -1.04% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota Star Tribune
Source: Star Tribune
Vaneck Etf Trust (SLX) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | three days earlier | -0.17% | final price |
| Caterpillar (CAT) | five days earlier | +14.53% | final price |
| Deere (DE) | three days earlier | +1.40% | final price |
| Deere (DE) | five days earlier | -3.81% | final price |
| Ishares Msci Canada Etf (EWC) | three days earlier | +0.68% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | +2.17% | final price |
| Nucor (NUE) | three days earlier | -0.05% | final price |
| Nucor (NUE) | five days earlier | -0.72% | final price |
| Vaneck Etf Trust (SLX) | three days earlier | +0.29% | final price |
| Vaneck Etf Trust (SLX) | five days earlier | +0.29% | final price |
| Steel Dynamics (STLD) | three days earlier | +1.31% | final price |
| Steel Dynamics (STLD) | five days earlier | +0.96% | final price |
| Walmart (WMT) | three days earlier | -1.04% | final price |
| Walmart (WMT) | five days earlier | -4.79% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | -2.29% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -1.66% | final price |
Congressional trades in the stocks in this story
- Rep. Michael T. McCaul sold Nucor (NUE) (held by a spouse), worth $50,001 - $100,000 on 25 Aug 2026. That is 71 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 37 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 37 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Companies in defense around Vaneck Etf Trust (SLX)
Companies carried with this story
- SLX Vaneck Etf Trust
In “Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota,” Vaneck Etf Trust (SLX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story
- XLI Select Sector Spdr Tr
In “Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tradewar” (tariffs and trade) in this story
- EWC Ishares Msci Canada Etf
Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota.” Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)
- NUE Nucor
Nucor (NUE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota.” Reason on file: Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story
- CAT Caterpillar
For “Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story
- STLD Steel Dynamics
Steel Dynamics (STLD) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota.” Reason on file: Steel Dynamics (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story
- DE Deere
For “Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story
- WMT Walmart
Walmart (WMT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota.” Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story
Vaneck Etf Trust (SLX) and the defense link
On 4 Nov 2026, “Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota” is the story that connects Vaneck Etf Trust (SLX) to Defense.
Vaneck Etf Trust (SLX) is on the page because VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story
Select Sector Spdr Tr (XLI) is here too. Its reason reads: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tradewar” (tariffs and trade) in this story
The price range for Vaneck Etf Trust (SLX), and the dates in the story
EWC traded between 57.81 and 61.73 across 20 sessions. The latest close on file is 60.20. SLX traded between 101.26 and 107.05 across 15 sessions. The latest close on file is 103.58. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.
What the saved facts support for Vaneck Etf Trust (SLX)
46 out of 100
“Brown: Even in red-hot steel sector, U.S.-Canada trade war hurts Minnesota” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.