Chilean steel and iron ore producer Cap SA rose the most in two weeks after authorities slapped tariffs on some Chinese steel products, in a move that prompted the firm to overturn a decision to shutter its mills. Cap will benefit from duties of 34% on steel balls and 25% on the bars used to make them. In March, the Santiago-based company announced plans to cease steelmaking due to an influx of cheap shipments from China, whose mills continue to churn out steel despite slower domestic demand.
https://www.ajot.com/news/cap-jumps-as-new-chile-tariffs-make-steelmaking-profitable-again
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