TOKYO/HOUSTON -- U.S. steel prices for benchmark products have fallen 10% from an April high, returning to a level before Trump administration tariffs went into effect in March.
Commodities
US steel prices drop 10% on increased domestic output, weak demand
Steelmakers boost production in anticipation of tariffs denting imports
Steel coils in a Nucor steel factory. The U.S. company has been intermittently cutting its price for hot-rolled coils. © Reuters
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