CoinMeta data: According to Bloomberg, steel prices in the United States have just reached their highest level in four years. The benchmark hot-rolled coil steel price has risen by 52% in the past year, now at $1,255 per ton, the highest level since May 2022. The reason is that Trump's tariff policies are squeezing foreign supply, and steel imports have decreased by 14% in the first nine months of 2026.