Tariffs on steel are costing Iowa factories hundreds of millions of dollars

Iowa manufacturers are being squeezed by the highest domestic steel prices in four years, driven by high tariffs and tight domestic supplies. Peter Orazem, the interim chair of economics at Iowa State University, says U.S.-produced hot-rolled coil steel is the standard for pricing and it’s approaching $1,400 per ton. “That’s about three times the price […]

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