Suppliers began to raise prices within 24 hours of the announcement and also stockpiled the metal in anticipation of being able to sell at a higher price. The price of steel jumped to $860 a ton from $720 previously.
Gosh. So the modest price spike is due to people cashing in and not the tariffs. Interesting. The article also says the industry is still in great shape but suffers from a lack of workers. Tariffs cut down on a labor force? Interesting as well.
