Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance
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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
VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story.
- XLI Industrial Select Sector SPDR
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- AAXJ iShares MSCI All Country Asia ex Japan ETF
iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).
- EWW iShares MSCI Mexico ETF
iShares MSCI Mexico ETF holds stocks listed in Mexico, which this story is about (“mexico”).
- NUE Nucor
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
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- STLD Steel Dynamics
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
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (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 | +0.71% | -2.71% | base | after close | after close | after close | after close |
| XLI | +0.40% | -3.60% | base | +1.34% | after close | after close | after close |
| AAXJ | +2.19% | -2.15% | base | +2.90% | after close | after close | after close |
| EWW | -1.44% | -0.96% | base | +0.30% | after close | after close | after close |
| NUE | +4.46% | -4.55% | base | +1.94% | after close | after close | after close |
| CAT | +1.14% | -4.42% | base | +3.30% | after close | after close | after close |
| STLD | +1.72% | -5.50% | base | +1.58% | after close | after close | after close |
| DE | -1.67% | -2.10% | base | +0.31% | 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.
Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance Reuters
Source: Reuters
This story
| Company | When | Move | Status |
|---|---|---|---|
| AAXJ | that day | +2.90% | still updating |
| AAXJ | three days earlier | -2.15% | final price |
| AAXJ | five days earlier | +2.19% | final price |
| CAT | that day | +3.30% | still updating |
| CAT | three days earlier | -4.42% | final price |
| CAT | five days earlier | +1.14% | final price |
| DE | that day | +0.31% | still updating |
| DE | three days earlier | -2.10% | final price |
| DE | five days earlier | -1.67% | final price |
| EWW | that day | +0.30% | still updating |
| EWW | three days earlier | -0.96% | final price |
| EWW | five days earlier | -1.44% | final price |
| NUE | that day | +1.94% | still updating |
| NUE | three days earlier | -4.55% | final price |
| NUE | five days earlier | +4.46% | final price |
| SLX | three days earlier | -2.71% | final price |
| SLX | five days earlier | +0.71% | final price |
| STLD | that day | +1.58% | still updating |
| STLD | three days earlier | -5.50% | final price |
| STLD | five days earlier | +1.72% | final price |
| XLI | that day | +1.34% | still updating |
| XLI | three days earlier | -3.60% | final price |
| XLI | five days earlier | +0.40% | 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 78 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 44 days before publication. Filed 12 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).
This story
12 out of 100Price not final
“Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance” scores 12 out of 100. The score uses 1 sources. The price is not final yet.