![]() ![]() Supply and demand are the most important factors in determining the price of steel at any given moment in time. Excess supply leads to lower market prices, while limited supply drives market prices higher. Steel is a basic raw material that is dictated by the laws of supply and demand, which results in an average market price. For a quick, condensed overview of these factors, view our "Cost of Steel Plate" infographic here. You can also ask us a question about steel plate products or pricing. With this in mind, let’s move on to exploring factors that impact steel plate price. Use our calculator below to determine weight using height, width, thickness and quantity. Factors such as thickness – or gauge – and size impact the material’s weight and, therefore, its cost. *The price used in this example is arbitrary and not based on current market levels.īecause steel plate is typically priced by CWT, understanding your order’s weight can be helpful in estimating costs. To complicate pricing more, units are often quoted in tons, with 1 ton equaling 2,000 pounds.Ģ,000 pounds = 1 ton = $40 CWT x For example, a CWT price of $40* is equal to $0.40 per pound. ![]() In some situations – such as materials market reports – carbon steel price may be reflected per-pound. Steel is typically priced by hundredweight (CWT), which is the price per 100 pounds of material. This article has been updated as of May 2023 to reflect these factors. The cost of steel plate and other steel materials is complex and fluctuating, as there are a number of factors that can impact price.
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