Reported about 8 hours ago
The upcoming 25% tariffs on steel imports proposed by President Trump are causing a significant increase in U.S. domestic steel prices, with costs rising to over $900 a ton—almost 23% more expensive than imported steel. Producers are leveraging the uncertainty brought on by the tariffs to elevate their prices even further. Despite steady demand, the protectionist measures are creating tension within the steel market, leading to potential future complications for both U.S. buyers and Canadian suppliers.
Source: YAHOO