Surging steel prices are 'self-defeating'

Sean Gallup/Getty Steel prices have risen nearly 40% since March. The US followed through with steel tariff threats on its allies Thursday. But some think prices could still drop as soon as this year. Steel has been soaring, but some analysts think prices could fall sharply in the months ahead. Steel prices have rallied 38% since the US Commerce Department launched a Section 232 investigation that led to hefty import taxes on the metal last year. And as President Donald Trump cuts off tariff exe...