Trump's tariff policy has pushed U.S. steel prices to a four-year high
Oct 16, 2026 20:14:41
As Trump's tariff policy restricts foreign steel supplies, U.S. steel prices have risen to their highest level in over four years, with hot-rolled coil prices increasing by 52%, reaching $1,255 per short ton. This move has boosted the profits of domestic steel producers but raised costs for manufacturers.