Steel I Beam Price Chart, Historical and Forecast Analysis | Procurement Resource

Steel I-beam, also known as a steel beam or H-beam (because of its side-on similarity to the letter “H”), is a load-bearing structural component constructed of steel. It is frequently used in construction to sustain big weights and span large areas.

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The I-beam is distinguished by its shape, which is comprised of two horizontal flanges joined by a vertical web. Because the flanges are broader than the web, the weight of the load is distributed across a larger area, boosting the beam’s strength and stability.

Steel I-beams are available in a number of widths and lengths, and can be custom-built to fulfill the needs of a building project.

China, India, Japan, and the United States are the top Steel I beam-producing countries.

Key Details About the Steel I Beam Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Steel I Beam price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Steel I Beam price trend, including India’s Steel I Beam price, USA’s Steel I Beam price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

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Industrial Uses Impacting Steel I Beam Price Trend:

Price Trend ImageSteel I-beams are widely utilised in the construction industry for a variety of reasons, including framing, roofing, and sustaining high weights. The construction industry’s expansion, particularly in developing nations, is a primary driver of the steel I-beam market.

Infrastructure development projects such as roads, bridges, and trains also necessitate vast quantities of steel I-beams, driving demand even more.

They are in high demand due to the growth of industrialization and urbanisation in many nations, as these items are widely utilised in factories, warehouses, and other industrial and commercial facilities.

Steel is gaining popularity as a building material due to its strength, durability, and adaptability. This pattern is projected to continue, driving demand for steel I-beams and other steel goods even higher.

Advances in technology, like computer-aided design and 3D printing, are making it easier and less expensive to design and manufacture steel I-beams, expanding the market even further.

Key Players:

  • Jindal Steel & Power Ltd
  • G.D. Metsteel Pvt. Ltd
  • Ferrite Structural Steels Private Limited
  • Reliance Steel & Aluminum Co.

Recent News

  • 13 March 2023: Domestic coil prices skyrocketed in March 2022 as a result of panic buying sparked by Russia’s attack on Ukraine. The market initially anticipated that geopolitical tensions would reduce steel availability and possibly result in a shortage. Steel consumption fell short of expectations, while supply remained stable, despite disruption in Black Sea supplies and the consequences of sanctions. As a result, domestic coil prices in Europe began to fall, and the downward trend continued until December.

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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

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