John Packard

Steel buyers and metal fabricators continue to wonder where exactly steel prices will settle after hitting historic highs last year.

Lead times from the steel mills often are an indicator of where steel prices might be headed. Do decreasing lead times mean lower steel prices for metal fabricators and manufacturers?

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After a year of a absorbing a record climb in steel prices, metal fabricators can feel better now that there are signs showing prices have already peaked.

With U.S. steel demand softening and imports increasing, steel buyers are expecting a steel price correction, write John Packard and Tim Triplett of Steel Market Update.

It's been a little more than a year since steel prices began a historic rally. And with prices recently reaching an astounding $1,900/ton, it seems certain that relief won’t come until 2022.

Steelmaking capacity that was forecast to come online in 2021 to provide price relief isn’t expected to arrive anytime soon. Which raises the question: Will steel prices ever return to “normal” levels?

Metal fabricators might want to start keeping an eye on lead times because if they start shrinking, steel prices might begin their descent from historic highs.

Steel prices are continuing to reach record highs, and there's no indication of major cost relief on the horizon for metal fabricators.

Record-high steel prices are sticking around longer than anyone in the metalworking industry anticipated, write John Packard and Tim Triplett of Steel Market Update.

Raw steel prices affected by insufficient supply at mills and strong demand for steel make fabricators and manufacturers pay unprecedented prices for materials.

Hot-rolled steel prices that had reached heights not seen since 2008 are expected to start declining by the end of Q2 at the latest.

Hot-rolled steel prices have reached levels not seen since in 13 years. Pricing is expected to fall below the $1,000/ton mark, but that might not be until late 2021. Now steel buyers are left with some important questions.

Because of increased demand for steel and supply shortages heading into 2021, hot-rolled steel prices have climbed to levels not seen in more than a decade.