How much does steel cost in May?

On the cold-rolled side, prices as of May 10 were roughly $1,344/ton, down $39/t from previous month. Cold-rolled steel prices are up just over $400/ton year-to-date. Will Steel Prices Continue to Rise? What are steel prices in 2023?

How much does galvanized steel cost?

As of June 7, the price of coated steel was roughly $1,244/ton. Coated prices, which includes galvanized steel, were up just over $400/ton for the year in May, but have stared to fall. For more on galvanized steel, check out this article .

Could a steel price change be politically unpalatable?

However, any changes could be politically unpalatable given that the steel industry is concentrated in key electoral states. In early May, futures prices for 20-ton rolls of domestic steel — the benchmark for most steel prices nationwide — pushed above $1,600 per ton for the first time ever, and prices continue to hover there.

How much does hot rolled steel cost?

The benchmark price for hot-rolled steel hit another all-time high last week, climbing to $1,825. Prior to the pandemic, it traded in the $500 to $800 range. What’s going on? During the early months of the 2020 shutdowns, many steel mills shut off production in fear that we were headed into a deep recession—maybe even a depression.