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American Steel Just Got More Expensive. Buyers Blame Tariffs.

By Ilene
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Steel. Image by ludex2014 from Pixabay

Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.

By Peter Eavis, NY Times 

American steel makers are raising prices, forcing new costs onto domestic manufacturers that make everything from cars to military tanks. The increases come on the back of President Trump’s tariffs on steel and aluminum.

Two big American producers, Cleveland-Cliffs and Steel Dynamics, reported on Monday that they had charged more for their products in the second quarter of this year than they did in the first quarter.

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