The price hike is hitting U.S. manufacturers and contractors that rely on steel components.

Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump ...

President Trump raises steel tariffs to 50% to protect U.S. industry from global overcapacity and import surges as domestic producers face declining utilization and profitability.

U.S. President Donald Trump plans to double tariffs on steel and aluminium imports to 50% from Wednesday, stepping up pressure on global steel producers and deepening his trade war.

Tariff Hike Rattles the U.S. Stainless Steel Market In a move few saw coming, President Trump doubled Section 232 tariffs on steel and aluminum imports from 25% to 50%.