U.S. steel prices have stabilized in the low–mid $800s/short ton this summer. The BLS Steel Mill Products PPI is 308.1 (Jul ’25) after a spring pop. On June 4, 2025, Section 232 steel tariffs increased from 25% to 50% effective June 4, 2025 (UK remains at 25%). Freight is a mild tailwind versus 2024 as diesel eases. Net: expect a range‑bound market into early 2026, but delivered building costs still vary by ZIP‑code loads (wind/snow/seismic), span, accessories, and schedule.
Steel futures are trending upward through spring 2026, and history shows most buyers place their orders in Q4 to prepare for spring construction. That seasonal surge in demand typically leads to limited supply, longer lead times, and higher prices across the industry. With the 50% steel tariff now in effect and steel mill indices already stabilizing in the mid-$800s per ton, waiting to buy could mean paying more for the same building later. After several years of slower construction spending, pent-up demand is adding additional pressure on pricing and production capacity. Buying your building today can help you avoid next year’s increases and secure your delivery window before schedules fill up.
