Steel prices jump higher

 |  from Building Team Forecast Top Headlines

As expected, steel prices are now soaring. There was a flurry of price increase announcements in the last week, some immediate and some for May 1st. For example, rebar and structural prices increased about $150 per ton, sheet and plate prices about $85 per ton and pipe prices as much as $100 per ton. These are the base prices. The surcharges are jumping as well, doubling since December due to mostly to much higher scrap prices.