{"id":5422,"date":"2026-05-14T14:55:05","date_gmt":"2026-05-14T21:55:05","guid":{"rendered":"https:\/\/devwww.farweststeel.com\/?p=5422"},"modified":"2026-05-14T14:55:08","modified_gmt":"2026-05-14T21:55:08","slug":"market-overview-mid-may-2026","status":"publish","type":"post","link":"https:\/\/devwww.farweststeel.com\/?p=5422","title":{"rendered":"Market Overview &#8211; Mid May 2026"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Steel Market Overview &#8211; <em>Mid May 2026<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SCRAP<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Heavy melt scrap for Chicago was down $10\/GT in early May \u201926, settling at $365\/GT. After rising $85\/GT in early Feb \u201926 from the \u201925 low point of $315\/GT, Midwest scrap is down $30\/GT.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>CARBON PLATE<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mill lead times are 6-7 weeks from the West Coast and are roughly 13-14 weeks when rail is included from mills East of the Rockies. Domestic mills raised prices $60\/ton in early Apr \u201826. Additionally, OSM issued a price increase of $60\/ton and SSAB issued a price increase of $40\/ton in early May \u201926. Mill\u2019s East of the Rockies have closed their Jun \u201826 orders books with minimal spot tons available for July. Additional mill price increases are expected. Plate imports are increasing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HOT ROLL SHEET<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mill lead times are 8 weeks from the West Coast and range between 10-12 weeks for delivery from mills East of the Rockies to the West Coast via rail. Domestic hot roll coil mills increased prices sharply from the \u201925 low point in late Sep \u201925 through mid-May \u201826 moving indexes up over $340\/ton. Nucor\u2019s Coil Spot Price (CSP) was up $205\/ton over the same period. Hot roll coil exceeded $1,080\/ton FOB Midwest Domestic mills in mid-May \u201926. Some market participants expect coil pricing to increase further in the coming months as domestic mills are running behind on deliveries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HSS TUBE<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tube mill rolling cycles are 4-6 weeks for West Coast tube mills. Domestic tube mills issued (5) price increases from the start of the year totaling $340\/ton. The price run up includes recently announced mill increases of $100\/ton in late Mar \u201926 and $60\/ton in early May \u201926. Import tube offers are competitive to the West Coast even when the 50% tariff is included.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>MERCHANT BAR<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lead times are roughly 5-7 weeks for most mill rolling cycles for West Coast mills. Domestic merchant bar mills announced a price increase of $50\/ton on Jan \u201926. Nucor announced (2) additional price increases of up to $60\/ton in late Mar \u201926 and between $40-$60\/ton in late Apr \u201926 depending on the size. Heavier merchant sizes received higher increases due to strong demand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>BEAM<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beam lead times are roughly 12+ weeks for West Coast delivery when rail is factored in. After domestic beam mills announced (3) price increases for a total of $160\/ton in Jan, Feb and Apr \u201926 beams are now at an all-time high mill price. Demand for beam products has been buoyed by robust data center builds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>REBAR<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lead times are roughly 4-6 weeks from West Coast rebar mills. Domestic rebar mills increased prices by $30\/ton in Jan \u201926 and $50\/ton in mid Apr \u201926.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>MARKET<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Steel tariffs on imports, strengthening domestic demand, increased raw materials and higher transportation costs have contributed to rising domestic steel prices for all product groups. According to the Institute of Supply Management (ISM), the manufacturing sector expanded in Apr \u201926 for the fourth consecutive month. ISM indicates domestic manufacturing expanded month-over-month with an index of 52.7 in Apr \u201826. The ISM New Orders index expanded to 54.1 in Apr \u201926, up .6 Mar \u201926. The Production index expanded to 53.7 in Mar \u201826, down from .6 from Mar \u201926. ISM readings greater than 50 signal expansion. According to the US Dept. of Labor, non-farm payrolls increased by 115,000 in Apr \u201826 and the unemployment rate was unchanged at 4.3%. The US Dept. of Commerce indicated that real gross domestic product (GDP) expanded at an annualized rate of 2.0% in Q1 \u201926, .5% in Q4 \u201925, 4.4% in Q3 \u201925, and 3.8% in Q2 \u201925 after contracting .6% in Q1 \u201925. US GDP rates are expected to expand in Q2 \u201926.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><span style=\"font-size:11.0pt;font-family:&quot;Times New Roman&quot;,serif;\nmso-fareast-font-family:&quot;Times New Roman&quot;;mso-ansi-language:EN-US;mso-fareast-language:\nEN-US;mso-bidi-language:AR-SA\"><em>Sources Include:\u00a0 US Labor &amp; Commerce Departments, Domestic Steel Mills, Scrap Processors, Steel Consumers, ISM, AMM, SIMA, SMU, American Iron and Steel Institute, International Trade Administration<\/em><\/span><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/devwww.farweststeel.com\/market-overview-early-march-2026\/\">Previous Market Overview<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/farweststeel.us2.list-manage.com\/subscribe?u=103b0e1045fe7b5eb07e9dab9&amp;id=659923c182\">Subscribe here to be notified of updates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steel Market Overview &#8211; Mid May 2026 SCRAP Heavy melt scrap for Chicago was down $10\/GT in early May \u201926, settling at $365\/GT. After rising $85\/GT in early Feb \u201926 from the \u201925 low point of $315\/GT, Midwest scrap is down $30\/GT. CARBON PLATE Mill lead times are 6-7 weeks from the West Coast and [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,11],"tags":[725],"class_list":["post-5422","post","type-post","status-publish","format-standard","hentry","category-blog","category-market-update","tag-market-overview"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Market Overview - Mid May 2026 | Farwest Steel<\/title>\n<meta name=\"description\" content=\"Explore the steel market overview for mid May 2026, featuring critical updates on prices, lead times, and supply for steel products.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/devwww.farweststeel.com\/market-overview-mid-may-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Overview - Mid May 2026\" \/>\n<meta property=\"og:description\" content=\"Explore the steel market overview for mid May 2026, featuring critical updates on prices, lead times, and supply for steel products.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devwww.farweststeel.com\/market-overview-mid-may-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Farwest Steel\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/farweststeelcorporation\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-14T21:55:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-14T21:55:08+00:00\" \/>\n<meta name=\"author\" content=\"Justin Heck\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@farweststeel\" \/>\n<meta name=\"twitter:site\" content=\"@farweststeel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Justin Heck\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/devwww.farweststeel.com\\\/market-overview-mid-may-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/devwww.farweststeel.com\\\/market-overview-mid-may-2026\\\/\"},\"author\":{\"name\":\"Justin Heck\",\"@id\":\"https:\\\/\\\/devwww.farweststeel.com\\\/#\\\/schema\\\/person\\\/92faa84c0bd2d7e9184fda0ef79c1f6b\"},\"headline\":\"Market Overview &#8211; 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