Fasmarkets reports that pricing for hot rolled coil has maintained a steady upward trajectory for a full year. This trend has shifted the cost burden onto manufacturers who rely on the benchmark steel form, while providing a price cushion for US-based mills.
Tuesday, October 20, 2026
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US Steel Prices Hit 4 Year High on Trump Tariffs
Commodities4 days ago
Benchmark hot rolled coil costs rose 52% over the last 12 months to reach $1,255 per short ton, the highest level for the commodity since May 2022. Tariffs implemented by President Donald Trump have restricted foreign supplies, creating a market shift that boosts domestic steel producers while increasing expenses for American manufacturers.
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