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The tariff mirage: why steel prices are higher than they should be
As a result of the underlying economic factors and policy uncertainty, steel demand is weak, but the supply disruption from tariffs is supporting prices. Since the start of the second Trump administration, and the imposition of tariffs and policy uncertainty, steel prices have been upheld higher than the fundamentals would suggest. Indeed, in the first quarter of 2025, US steel prices surged upward on supply fears due to announced, and threatened, tariffs on imported steel and downstream goods. HRC hit over $956 per short ton on March 14, slid back, but then bumped up again slightly after the Liberation Day tariff ... (full story)
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- Mar 17, 2026 2:59pm Posted byFundamental Analysis203
