U.S. steelmakers again demand tariffs on imports

• Six of the biggest U.S. steelmakers - U.S. Steel (NYSE:X), Nucor (NYSE:NUE), AK Steel (NYSE:AKS), ArcelorMittal (NYSE:MT), Steel Dynamics (NASDAQ:STLD) and SSAB Enterprises - file another petition asking for tariffs on imports of foreign steel, and warn that China’s devaluation of the yuan could have severe repercussions on their industry.
• The request includes imports of hot-rolled coil, which is used in making cars, from Australia, Brazil, Japan, South Korea, the Netherlands, Turkey and the U.K.; China was not named because the U.S. already has tariffs on hot-rolled imports from China.
• Imports of hot-rolled steel from the seven countries rose 73% during 2012-14, rising to 3.3M tons from 1.9M tons, according to AK Steel.