The Upward Climb

As we enter the second quarter of 2026, the metals market continues to move upward. Steel prices have steadily increased since January, while aluminum remains under pressure from global supply disruptions and elevated import premiums.

Carbon Steel

Hot Rolled Coil (HRC), the benchmark for many steel products, has now crossed the $1,000 per ton mark after beginning the year near $950 per ton. This increase has begun flowing into:

• Steel sheet

• Plate

• Structural tubing

• Pipe

• Structural shapes

Most domestic mills are reporting healthy order books, and lead times continue to extend slightly as buyers replenish inventory.

Structural Steel

Construction activity remains relatively healthy throughout the western United States, helping support pricing on beams, channels, angle iron, and tubing. Structural pricing has remained more stable than sheet products but continues to trend upward.

Stainless Steel

Nickel prices remain elevated, resulting in higher alloy surcharges for both 304 and 316 stainless steel. Customers purchasing stainless should expect monthly pricing adjustments.

Aluminum

Aluminum remains one of the most unpredictable metals this year. Global geopolitical events and freight constraints continue affecting supply, keeping prices well above historical averages.

Market Outlook

Looking ahead to May, mills appear confident in maintaining current pricing. Demand remains healthy, inventories are balanced, and there is little indication of significant price decreases in the immediate future.

[OUR RECOMMENDATION] If your project is scheduled for late spring or early summer, now is a good time to secure pricing before additional increases occur.