Nucor shareholders reject proposal on disclosing lobbying details

Nucor Corp shareholders have rejected a proposal that would make the company report on its political lobbying, heading off efforts to make one of the most high-profile corporate actors in Washington more transparent. The largest U.S. steelmaker led the push for imposing tariffs on steel imports last year, now a signature part of U.S. President Donald Trump’s trade policy. Trump had said tariffs were needed to save the industry from losing out to unscrupulous foreign competitors.