Trump’s 50% Steel Tariffs Reshape Global Steel Trade

Post Views: 479 Trump steel tariffs U.S. Steel Market Reacts Swiftly to Tariff Hike Trump’s 50% steel tariff is already shaking the global steel market. Announced under Section 232, the increase took effect on June 4 and doubles the previous import tariff. The U.S. government argues it’s essential for national security and domestic industry stability. In response, domestic steel prices surged. Rebar prices jumped by $60 to reach $810–840 per short ton. Hot-rolled coil also increased, now trading at $870–890. Some expect a return to March highs of $950, but weak demand and short lead times—just...