![]() ![]() Similarly, if the raw material is not available locally then the cost of transportation add the additional cost of manufacturing steel and ultimately to the steel price in the market. So, This higher cost of manufacturing affects the price of steel in the market. As raw materials prices increase in the market, the cost of manufacturing steel is also got increased. The cost of raw materials required for manufacturing is play important role in the steel price rate in the market. Similarly, the rate of steel bars also depends on this factor, as supply increases and demand decrease the rate of steel bars goes down.Īnd, if demand increases and supply is not sufficient to balance the demand then the price of steel definitely goes up in the market. Demand and Supply of SteelĪs we know the price or rate of any product in the market depends on its demand and supp ly rate. ![]() Here are some of the factors that affect the pricing of TMT bars in the steel industry, 1. There are various factors that affect the steel bars price in the market according to that steel price varies, 10×10 Room Construction Cost Excel Sheet.Construction Material Testing Menu Toggle.30×40 House Plans | 1200 sq ft House Plan.20*50 House Plan | 1000 sq ft House Plan. ![]()
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