Higher dock costs resulting from a tentative agreement to end the strike at East Coast and Gulf Coast ports are expected to drive up steel prices and reduce imports, according to market sources. The deal between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) will increase dock workers' wages by 62%, raising their hourly pay from $39 to $63. While the steel industry is relieved that the strike has been suspended, analysts warn that higher wages will likely lead to inflationary pressures on consumer prices. Import difficulties may also push companies towards reshoring, potentially reducing reliance on foreign steel imports.