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Jan. 7, 2019, 10:07 a.m. EST

Cement, steel maker stocks mixed after Trump offers to make border wall with steel instead of concrete

Shares of cement producers were mixed in morning trade Monday, after President Trump said over weekend that the border wall he wants could be made of steel, rather than the concrete wall he had promised during his campaign, in an effort to reach a deal to re-open the government. Among shares of the companies that were expected to benefit from a concrete wall, Cemex SAB de CV (NYS:CX) rose 0.2%, Heico Corp. (NYS:HEI) slipped 0.8%, Vulcan Materials Co. (NYS:VMC) rose 0.5%, CRH PLC (NYS:CRH) shed 1.6% and Martin Marietta Materials Inc. (NYS:MLM) eased 0.1%. Elsewhere, U.S. Concrete Inc.'s stock (NAS:USCR) fell 0.9% and Summit Materials Inc. (NYS:SUM) advanced 0.9%. Meanwhile, steel maker shares were also mixed, with U.S. Steel Corp. (NYS:X) down 0.2%, AK Steel Holding Corp. trading flat%, Steel Dynamics Inc. (NAS:STLD) up 0.6% and Nucor Corp. (NYS:NUE) slipping 0.5%.

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