The cost of new sheet steel and other metal products could soar, with new estimates suggesting that prices could top $10,000 per ton.
The latest figures from Metal Standard showed that prices for a ton of steel could top nearly $20,000 in the coming year.
The metal industry said the price increase would have an impact on thousands of jobs and could force many steelworkers to shift to cheaper, foreign-made alternatives.
The metal industry and some of its biggest players have been pushing for Congress to allow the U.S. to buy more steel.
The industry has said a trade war could hurt steelmakers, but the government has opposed such a move.
The National Association of Manufacturers says the cost of steel products will go up over the next 10 years.
The group says the U,S.
imports nearly a third of the steel used in America.