Vale Stock Drops Tuesday: What's Going On?
Vale is falling Tuesday amid a broad selloff in steel and raw materials stocks after the U.S. unveiled plans to expand domestic steelmaking.
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Why It Matters
The U.S. wants to make more steel at home instead of buying it elsewhere. This news made people worried about companies like Vale that sell raw materials, so investors sold their shares.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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