Nucor Corporation shares fall 1.87% intraday as US hikes steel, aluminum tariffs on imported appliances.

Nucor Corporation declined 1.87% in intraday trading, following the US government's decision to hike steel and aluminum tariffs on imported appliances. This move is likely to impact the company's operations and profitability, as it is a major producer of steel and aluminum products. The tariffs could lead to increased costs for raw materials and potential disruptions in supply chains, which may have contributed to the stock's decline.