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Futures up: Dow 0.27%, S&P 500 0.36%, Nasdaq 0.54%

Feb 10 (Reuters) - U.S. stock index futures ticked up on

Monday, recovering some losses after the last session, with

steelmakers leading the gains after U.S. President Donald Trump

said he would impose additional tariffs on steel and aluminum

imports.

Trump's latest trade escalation came on Sunday, when he said

he would introduce new 25% tariffs on all imports of steel and

aluminum into the United States, on top of existing duties on

the metals.

U.S. Steel surged 9.7% in premarket trading after

Japan's chief cabinet secretary said Nippon Steel ( NISTF ) was

considering proposing a bold change in its plan to buy the

company.

Shares of other steelmakers also soared, with

Cleveland-Cliffs ( CLF ) jumping more than 12%, while Nucor ( NUE )

added close to 10%. Aluminum producer Alcoa ( AA ) was

up 6.2%.

Trump also said he would announce reciprocal tariffs on all

countries on Tuesday or Wednesday, effective almost immediately,

matching the tariffs levied by each country.

"Risky assets are getting a bit desensitized to Trump's

tariff announcement," economists at Jefferies said in a note.

"(The tariffs) will cause volatility, are a negotiating tool

and will eventually be not as bad as feared."

At 04:36 a.m. ET, Dow E-minis were up 122 points,

or 0.27%, S&P 500 E-minis were up 21.5 points, or 0.36%,

and Nasdaq 100 E-minis were up 116 points, or 0.54%.

Most megacap and growth stocks also edged higher, with

Microsoft ( MSFT ) and Meta Platforms ( META ) up about 0.6%

each.

Earnings from Dow component McDonald's are

scheduled later in the day.

Coca-Cola, DoorDash ( DASH ), health insurer CVS

Health ( CVS ) and computer-networking equipment maker Cisco ( CSCO )

are some of the prominent companies that are expected

to report results later this week.

All three major indexes had dropped about 1% each in the

last session, nursing weekly losses after Trump said he plans to

announce reciprocal tariffs on many countries.

Meanwhile, U.S. Federal Reserve Chair Jerome Powell is due

to testify before Congress on Tuesday and Wednesday. The January

consumer price index reading is expected to be released in the

early hours of Wednesday, before Powell's testimony the same

day.

Expectations for the Fed's rate cuts to stay on hold in

March solidified after Friday's mixed U.S. employment report,

with a 4.0% unemployment rate, which will probably give the

central bank cover to hold off cutting interest rates at least

until June.

Fed officials said on Friday that the U.S. job market is

solid and pointed out the lack of clarity about how Trump's

policies would affect economic growth and still-high inflation.

Among other early movers, Wireless carrier T-Mobile

said it had started wide-scale testing of its satellite-to-cell

service, powered by SpaceX's Starlink. Its shares rose 4.1%.