April 2026 Market Update

As we move into April, metals markets continue to reflect a firm pricing environment shaped by disciplined mill production, steady demand, and ongoing raw material volatility. While Q1 saw notable price increases across several categories, April is showing signs of stabilization in some areas — though cost pressures remain present.

One emerging factor to watch is the developing situation around cobalt supply, which has introduced additional uncertainty into the broader metals and alloy markets. While the full impact is still evolving, early signals suggest potential ripple effects on certain specialty alloys and input costs.

Overall, year-to-date price movement across many products remains in the 5–12% range, with nickel and alloy-driven materials continuing to lead volatility.

Nickel

Nickel pricing remains volatile, with fluctuations in the 6–10% range over the past month.

Markets continue to respond to global supply signals and macroeconomic sentiment.

Aluminium

Aluminium pricing has begun to stabilize after earlier increases, holding within a 2–4% range in recent weeks.

Stainless Steel

Stainless pricing remains elevated following recent surcharge increases and mill price adjustments.

Titanium

Titanium demand remains strong, particularly in aerospace and defense sectors.

Lead times remain extended at approximately 20–30+ weeks for certain products.

Copper, Brass & Bronze

Copper pricing has remained active, fluctuating within a 4–7% range.

Demand tied to infrastructure and electrification continues to support the market.

Brass and bronze pricing continues to track copper closely.

Carbon Steel & Alloys

Carbon and alloy steel pricing remains firm following recent U.S. mill increases of $40–$80 per ton.

Market conditions appear balanced with steady order books.

Cobalt Supply Watch

Recent developments in cobalt supply — including tightening availability and geopolitical factors — are beginning to draw attention across the metals market. While cobalt is not a primary input for all products, it plays a role in certain high-performance alloys and supply chains.

At this stage, impacts are selective rather than widespread, but continued disruption could contribute to additional cost pressure in specialty materials.

Looking Ahead

April reflects a market that is firm but showing early signs of stabilization in certain areas. While volatility remains — particularly in nickel and emerging inputs like cobalt — proactive planning and strong supplier relationships continue to provide a clear advantage.

For questions, forecasts, or to discuss blanket order options, please contact us:

📞 954-332-2290
✉️ sales@continentalsteel.com

Your Continental Steel & Tube team is here to help you navigate the market with confidence.