- US hot-rolled coil, the US steel benchmark, rose 52% over the past year to $1,255 per short ton, according to Fasmarkets.
- The last time hot-rolled coil prices reached $1,255 per short ton was May 2022.
- Trump's tariffs restrict foreign steel supplies, which lifts domestic producers and raises costs for American manufacturers.
Quotes
“rising 52% to $1,255 per short ton, according to Fasmarkets”