Recasts paragraph 1 with shares of U.S. steel, aluminium companies; adds comment in paragraph 6; updates prices throughout
Feb 10 (Reuters) - Shares of U.S. steel and aluminium manufacturers jumped in premarket trading on Monday after President Donald Trump announced plans for an additional 25% tariffs on the import of the metals.
Nucor NUE.N surged 9.5%, Steel Dynamics STLD.O 6.3%, Century Aluminum CENX.O 9.4%, while Alcoa AA.N added 5.9%.
U.S. Steel X.N gained 7.4%, also on comments from Japan's Chief Cabinet Secretary Yoshimasa Hayashi that Nippon Steel 5401.T is considering a bold change in plan from its previous approach to buy the U.S. company.
Roughly a quarter of all steel used in the U.S. is imported, the bulk of it from neighboring Mexico and Canada or close allies in Asia and Europe, such as Japan, South Korea and Germany.
Shares in European steelmakers, which account for about 15% of U.S. imports, fell with ArcelorMittal MT.LU, MT.AS, Voestalpine VOEST.VI and Salzgitter SZGG.DE all down between 0.6% and 2.5%.
"The major structural challenges that already exist in the German steel sector could be exacerbated by tariffs," DZ Bank analysts said.
ArcelorMittal's finance chief last week said the hit from potential U.S. tariffs would be about $100 million a quarter and that the group had no plans for preemptive shipments.
Shares of Thyssenkrupp TKAG.DE, which has said that about 5% of its annual production is exported to the U.S., dipped 0.2% in choppy trading.
Peers in Asia fell after the tariff announcement as well with India's Tata Steel TISC.NS and JSW Steel JSTL.NS down 3.2% and 2.3%, respectively.
(Reporting by Christoph Steitz, Paolo Laudani, Isabel Demetz and Medha Singh; Editing by Rachel More, David Goodman and Arun Koyyur)
((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))
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