U.S. steel prices hit a more than four-year high! Trump's tariffs tighten imports, benefiting steel mill stocks while pressuring data center developers and others.

Zhito Finance APP has learned that against the backdrop of President Trump's tariffs restricting foreign supply, U.S. steel prices have climbed to their highest level in more than four yearsboosting domestic producers while driving up costs for American manufacturers. Hot-rolled coil is a versatile form of steel and also the benchmark price indicator in the United States. According to Fastmarkets data, its price has continued to rise over the past year, increasing 52% to $1,255 per short ton. The last time it reached this level was in May 2022.