How is the price of steel H beam set?

The price of H beam steel is decided by many things. Every buyer who wants to buy H beam steel should know about these factors.
First, the cost of raw materials is very important. The prices of iron ore and scrap steel directly change how much it costs for the H beam factory to make the steel. This then affects the final price of products like the hot rolled H beam and mild steel H beam.

Second, the way the steel is made matters a lot. Galvanised H beam gets an extra anti – rust treatment. So, it usually cost 10% – 15% more than normal ones. Hot rolled H beams are made using a well – established process, but it uses a lot of energy. This also affects their price.
Market demand and where the steel is used also change the price. Structural steel H beams are used a lot in building things like roads and tall buildings. When the construction industry is busy, the price of these H beams goes up. Also, supply and demand, trade rules, and energy costs all have an impact on the price of H beams.
For H beam factories and buyers, understanding these factors helps with setting a fair price and buying the right steel.