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Steel Companies’ Selling Prices Spike amid Trump’s Tariffs

Steel Companies’ Selling Prices Spike amid Trump’s Tariffs

Previously in this series, we compared steel companies’ third-quarter shipments. In this part, we’ll look at their ASP (average selling price). The ASP is a key driver of steel companies’ performance and impacts their profitability. We saw a sharp rise in steel companies’ ASP this year after President Trump’s Section 232 tariffs lifted US steel prices (SPY) to multiyear highs.