I read an article last week that predicted US steel prices will continue to rise until Harris does something with the tariffs and other hurdles placed in the way of offshore steel by Trump. Their take was that as the pandemic comes to an end, construction will be backlogged and steel will be in high demand. The way things stand now, US steel companies will be able to compete due to the tariffs, and not as much Chinese product will be flooding the market, so they say the demand will outpace the production and prices will continue to rise for at least a few months. A look at the 52 largest publicly traded steel companies shows almost all of them with rising stock prices over the last few months, after plummeting due to the pandemic. TD Ameritrade predicts the steel market will continue to improve (read: increased consumer prices) for the next few months, and the aluminum market will remain neutral.
All that being said, the market price for steel futures really has very little to do with the price the consumer is paying for a few hundred pounds. I would keep checking with your local yards every few days, sooner or later an order will get cancelled and they will have a bunch of what you need laying around and will give you a good price on it. Don't forget to check with the wrought iron gate/fencing company in your area, they have a lot of stock left over from jobs that they will sometimes sell for cheap.
Remember, though, if anyone could accurately predict this, they would be rich and not reading CK5 on Friday night.
