Why Steel Prices Are Rising (And What Happens Next)

What’s really driving steel prices in today’s market—and what does it mean for manufacturers, distributors, and customers?

In this episode of King Size Conversations, Steel King President Brian Pfannes sits down with Pete Henry, Vice President of Paragon Steel, for an inside look at the forces shaping the steel industry. Together, they unpack how tariffs, domestic production, supply constraints, AI-driven data center construction, and reshoring initiatives are creating one of the most dynamic steel markets in recent history.

Pete shares his perspective on why demand remains strong despite soft spots in the economy, what buyers should expect over the coming months, and why long-term supplier relationships are more valuable than ever in navigating market volatility.

Whether you’re in manufacturing, supply chain, procurement, warehousing, or simply interested in the economics behind industrial markets, this episode provides practical insights into the trends influencing steel availability and pricing.