Due to the volatile state of the markets, the price of cast iron steel can vary greatly from week to week and even on a daily basis. The best way to keep track of pricing is through a website such as www.metalprices.com/FreeSite/metals/cu/cu.asp.
Steel is sold by the tonne, rather than in pounds, with current prices varying between $150 and $200 per tonne. Again like most commodities, if you buy in bulk you will be able to purchase at a significant discount.
As in all markets, price is a factor of supply and demand. When supply is high the price will be low, when demand is high the price will also be high. In general the supply of cast iron steel is fairly secure with a number of reliable local producers available to ensure that there is a regular supply to the Indianapolis market.
If there is any problems in production this will impact on the price of cast iron steel forcing it upwards due to its scarcity. In times of scarcity, further stocks will be brought in from more distant producers with the traveling costs a factor in the increased price.
Indianapolis has a long tradition in construction, which has attracted metal and steel companies. With such a concentration it has proved to be very competitive both in terms of product development and pricing. Amongst the spin-offs from this was the opening of Steel House which is a massive steel 'supermarket; covering every area of the business and able to service both the public and the industry at large under the one roof.
Steel is sold by the tonne, rather than in pounds, with current prices varying between $150 and $200 per tonne. Again like most commodities, if you buy in bulk you will be able to purchase at a significant discount.
- What effects price?
As in all markets, price is a factor of supply and demand. When supply is high the price will be low, when demand is high the price will also be high. In general the supply of cast iron steel is fairly secure with a number of reliable local producers available to ensure that there is a regular supply to the Indianapolis market.
If there is any problems in production this will impact on the price of cast iron steel forcing it upwards due to its scarcity. In times of scarcity, further stocks will be brought in from more distant producers with the traveling costs a factor in the increased price.
- The Indianapolis connection?
Indianapolis has a long tradition in construction, which has attracted metal and steel companies. With such a concentration it has proved to be very competitive both in terms of product development and pricing. Amongst the spin-offs from this was the opening of Steel House which is a massive steel 'supermarket; covering every area of the business and able to service both the public and the industry at large under the one roof.
