(Reuters) - Some auto makers are threatening to fight surcharges steelmakers are trying to impose on agreed supply contracts in a bid to curb the impact of spiking steel prices and bolster their weak finances, The Wall Street Journal said, citing people familiar with the matter.

Some auto makers are threatening to fight surcharges steelmakers are trying to impose on agreed supply contracts in a bid to curb the impact of spiking steel prices and bolster their weak finances, The Wall Street Journal said, citing people familiar with the matter.

With a lock on the Monongahela River drained for repairs as a backdrop, the Army Corps of Engineers, lawmakers and representatives of area coal and steel industries stressed the importance of securing funds for critical upgrades to the region's aging locks and dams.

United States Steel Corp. spent more than $1.2 million lobbying the federal government in the first quarter, according to a government disclosure.

Shares of steel producers rose Monday after an analysis of the sector concluded that the price of the commodity has significantly further to climb.

The Standard & Poor's 500 Index rose Tuesday, lifted by lower oil prices and a rise in shares of insurer MGIC Investment Corp.

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