- Six major U.S. steel producers file petitions with the U.S. Department of Commerce and the U.S. International Trade Commission alleging that unfairly traded imports of steel from China and four other countries are causing material injury to the domestic industry.
- U.S. Steel (X -0.6%), Nucor (NUE +0.9%), Steel Dynamics (STLD +0.9%), AK Steel (AKS +1.6%), the U.S. subsidiary of ArcelorMittal (MT +1.7%) and California Steel Industries say they are filing the petitions in response to large and increasing volumes of low-priced imports of corrosion-resistant steel over the past three years that have injured U.S. producers.
- In addition to China, the other four countries cited by the U.S. steel makers are India, Italy, South Korea and Taiwan.