The steel I beam, also known as a wide-flange beam or w-beam, is a robust steel component frequently employed in engineering and construction. Its structural design and characteristics enable it to handle substantial loads and provide vital support, particularly when used horizontally as columns. Notably lightweight, easily portable, and resistant to various environmental conditions including weather and extreme temperatures, these beams are highly favored for their convenience in handling and durability. Moreover, their fire-resistant and anti-corrosive properties contribute to their widespread use and longevity.
China, Japan, Germany, Russia, and South Korea stand as the primary exporters of this commodity, while major importers encompass China, the U.S., Germany, Italy, and Turkey.
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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 Prices, including India Steel I beam price, USA 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.
Industrial Uses Impacting Steel I beam Price Trend:
The widespread use of steel I-beams in construction sites stems from their crucial role as foundational components, essentially serving as the building blocks of various projects. This has significantly propelled the demand for this commodity. Factors beyond its extensive usage, such as financial growth contributing to the construction of new bridges, houses, and similar projects, also impact its market dynamics. Therefore, with sustained economic expansion and a surge in infrastructural demands, the anticipated rise in steel I-beam demand remains foreseeable.
Key Players:
- Jindal Steel & Power Ltd
- G.D. Metsteel Pvt. Ltd
- Ferrite Structural Steels Private Limited
- Reliance Steel & Aluminum Co.
News & Recent Development
- 20 April 2023– China hoists its most heavy steel bam weighing 276.4 tonnes, comparable to 92 elephants, hitting a new record in China.
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