Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.

Steel I beam price index

This post is a summary of the Steel I beam price developments. The price developments of Steel I beam are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Steel I beam price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

The outlook for Steel I beam prices, on the second tab, is generated from different inputs including:

  • Very recent price developments of immediate cost drivers of Steel I beam prices
  • Recent price developments of underlying feedstocks which drive the price of Steel I beam
  • Market futures for both cost drives and feedstocks of Steel I beam prices
  • Adjustment of current supply/demand imbalances in the Steel I beam market
  • Longer term trends in likely demand conditions

Further information on the Steel I beam price index

 

According to https://oec.world/ :

Steel Bars are the world’s 567th most traded product.

In 2020, the top exporters of Steel Bars were China ($1.16B), Japan ($477M), Germany ($309M), Turkey ($189M), and South Korea ($187M).

In 2020, the top importers of Steel Bars were Thailand ($357M), United States ($322M), Germany ($275M), South Korea ($266M), and China ($239M).

Business Analytiq

BE THE FIRST TO SEE RISK AND OPPORTUNITY!

BusinessAnalytiq is an online tool to track relevant market developments, key benchmarks & leading indicators for you.

BusinessAnalytiq means you will always have the best market awareness in the room, leading to better discussions, faster decisions, better negotiations, better raw material prices, better internal and external communication, and ultimately lower risk and higher profit.

businessanalytiq

 

Notes on the price-data

  • We are continually improving our data collection and processing methods and data will be updated from time to time as we improve the accuracy
  • We are working hard to upgrade the algorithm before April 1, 2023 and a further fine-tune by July 1, 2023
  • This the index trend of the price of the product group in general and not a single specification in particular
  • The data is presented in US$
  • The chart shows the price trend,  nearly always taken from many statistically-correlated sources