Holding Strong

After several months of steady increases, the steel market has entered a period of firmer pricing. While price increases have slowed compared to the first quarter, mills continue to maintain strong pricing levels supported by healthy demand and rising raw material costs.

Carbon Steel

Hot Rolled Coil remains above the $1,000 per ton level, with many service centers adjusting prices on:

• Plate

• Sheet

• Tubing

• Pipe

• Bar products

Higher scrap prices continue to support domestic steel production costs, making significant price declines unlikely in the short term.

Structural Products

Structural steel pricing has remained relatively stable during May. Lead times are generally predictable, although larger project quantities may require additional planning.

Stainless Steel

Nickel continues to fluctuate, causing monthly changes in stainless surcharges. Stainless remains one of the more volatile product categories due to alloy costs.

Aluminum

While aluminum has pulled back slightly from earlier highs, pricing remains elevated. Import premiums and transportation costs continue impacting the North American market.

Market Outlook

Most analysts expect steel pricing to remain firm through the summer. While dramatic increases may be slowing, mills have shown little interest in discounting production.

[OUR RECOMMNDATION] Contractors with projects beginning this summer should continue requesting updated quotes frequently, as pricing remains dynamic.