Think of it as the reverse of what you have seen gas prices do...when the price of oil goes down eventually we saw relief at the pump but it took a while...some little blip happens like higher barrel price or a refinery goes off line and they have no problem cranking up the price as quick as they can. Steel market takes a crap (less demand) and prices drop like a rock...it is going to take some time to see some significant relief at the steel pump like it or not.
Yes some have seen a slight increase in steel price and hopefully it will continue but in order for me to get back to where I was less then a year ago my price is going to have to jump over 150% and I just don't see that happening in the next 6 months to a year. My Buyer from the yard I use calls me about once a month to keep me updated on prices so that is what I'm basing this post on...take it for what it's worth.
And the next truck you buy Devin, do yourself a favor and get one with an 8 ft bed and leave the 6 footers for the guys that get trucks to drive and not actually use them for work.