Why You Should Consider Acting Now: US Steel Building Prices and Market Trends
Why Steel Building Prices Matter More Than Ever
If you’ve been keeping an eye on the market, you’ve probably noticed that steel building prices haven’t exactly been predictable lately. Whether you’re thinking about putting up a workshop, garage, warehouse, or barn, understanding what’s been happening with steel and lumber prices over the past few years can help you make a smart call.
This blog gives you a down-to-earth overview of steel building prices and lumber trends across North America—from the calm before the pandemic storm to the rollercoaster we’ve been riding since. Bottom line: if you’re waiting for the “perfect time,” you might already be in it.
Understanding Steel Building Prices
Since 2020 When the pandemic hit, nearly every supply chain got turned upside down—and steel was right in the middle of it. Prices were low early on, but by mid-2021, pent-up demand, shipping delays, and shortages sent prices soaring.
Things have calmed down a bit, but prices never quite went back to where they started.
| Date Range | Steel Prices (USD/short ton) |
|---|---|
| Early 2020 | $550 |
| Mid-2021 Peak | $1,900 |
| 2023-2025 Range | $900 |
What does that mean for you? The price you see today could be the lowest it’ll be for a while.
How Do Lumber Prices Compare to Steel Building Prices?
Lumber didn’t sit this one out either. In fact, its price swings were even wilder. You might remember when the cost of a simple sheet of plywood made headlines.
Prices have settled down since those dizzying 2021 highs, but they’re still far from their pre-pandemic levels.
| Date Range | Lumber Prices (USD/1,000 bf) |
|---|---|
| Early 2020 | $375 |
| Mid-2021 Peak | $1,600 |
| 2023-2025 Range | $575 |
Steel building prices have held up better over time. Steel’s strength, lifespan, and resistance to weather make it a dependable, cost-effective choice, especially if you’re building something that’s meant to last.
Why Steel Building Prices Might Rise Again
We’re not in the clear yet. Several big-picture factors are keeping steel building prices on edge:
All of this means today’s pricing could be tomorrow’s bargain. Getting ahead of the next spike might save you thousands.
We Use Only Domestic US Sourced Steel
Here at Toro, we keep it close to home. That means using domestically sourced US steel—not overseas materials that may not meet the standards your project demands. We have over a dozen manufacturing facilities across the country to serve you from, with more to come!
Our commitment to domestic steel ensures quality, speed, and confidence in every building we deliver.
Act Now: Steel Building Prices May Not Stay This Low
Right now, steel building prices have cooled off from their 2021 highs—but no one’s promising they’ll stay there. As conditions shift, supply gets tighter, or demand heats up, prices can jump fast.
Acting now could lock in a better deal.
You’re not just buying a building—you’re investing in something that’ll serve you for decades. Toro Steel Buildings offers engineered plans, fast delivery, and support you can count on.
Looking Ahead: Where Will Steel Building Prices Go Next?
There’s no crystal ball, but one thing’s clear: the steel market isn’t standing still. If you’re waiting for a big dip or absolute certainty, you may end up missing out.
Let’s talk about your project and how to lock in a fair price today. Reach out now to get a no-obligation quote and expert help from our team.
👉 Click here to get a free quote from Toro Steel Buildings to get started today.
Prefer an arch-style building solution? Check out our sister company Future Steel Buildings
