One of our suppliers is a company called Anchor Danly. They were kind enough to show me their pricing structure for the last 12 months, and things that they were selling for $950 in November were $1,300 in March. They're not producing the steel; they're just turning it into a state that I can use.
Basically, as soon as there was talk of tariffs, a bunch of companies in the steel industry saw an opportunity to dramatically make more money.