The Zhitong Finance App learned that against the backdrop of President Trump's tariffs limiting foreign supply, US steel prices have climbed to the highest level in more than four years — this has boosted domestic producers, but has boosted the costs of US manufacturers. Hot rolled coil is a widely used form of steel and is also the benchmark price indicator in the United States. Its price continued to rise over the past year, rising 52% to $1,255 per short ton, according to Fastmarkets data. The last time this level was reached was in May 2022.

The Zhitong Finance App learned that against the backdrop of President Trump's tariffs limiting foreign supply, US steel prices have climbed to the highest level in more than four years — this has boosted domestic producers, but has boosted the costs of US manufacturers. Hot rolled coil is a widely used form of steel and is also the benchmark price indicator in the United States. Its price continued to rise over the past year, rising 52% to $1,255 per short ton, according to Fastmarkets data. The last time this level was reached was in May 2022.