pricing is more complicated than you might assume. Steel is a global commodity, and that means the price of steel varies on a daily basis. Prices can be influenced by several factors, including natural disasters, the strength of the American dollar, and the general condition of the world economy. All of which equate to one of the most basic economic rules: supply and demand – the single most important factor in determining the current price of a commodity like steel. However, as we mentioned, steel prices are not as simple as your first macro economics class. That's why we review the world's most authoritative sources on steel prices and present our forecast. The overall goal is to inform our customers with reliable research and provide a timeline for you to lock your steel building price at the best time.