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AK Leads U.S. Steelmaker Rally as More Metal Imports Punished

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AK Steel Holding Corp. led a U.S. steelmaker rally after the Department of Commerce imposed tariffs of as much as 266 percent on imports of cold-rolled steel after determining they were priced unfairly.

AK Steel surged 7.2 percent to a seven-month high at 9.37 a.m. in New York while Pittsburgh-based U.S. Steel Corp. climbed 6.6 percent. They’re among U.S. producers in line for relief from a surge of imports that helped push down domestic prices to six-year lows.