Steel, Aluminum makers believe tariffs will help business, NY Times says

The United States buys more steel from Canada than from any other country, but those imports will become much more expensive under tariffs intended to be imposed this week, Peter Eavis of The New York Times reports. While many companies oppose the tariffs, the leaders of American steel and aluminum companies have long contended with foreign rivals that undercut them due to their rivals benefitting from subsidies and government support. Publicly traded companies in the steel and aluminum space include ArcelorMittal (MT), Cleveland-Cliffs (CLF), Nucor (NUE), Steel Dynamics (STLD), U.S. Steel (X), Alcoa (AA) and Century Aluminum (CENX).