Are you planning to buy steel for a construction project? There is great global demand for this ubiquitous material, which surpassed its supply for the first time in decades.

Interested parties seeking opportunities to buy steel in the near future, should start by monitoring domestic prices for the following:

• Rebar: Steel reinforcing bars are usually sold in two-foot lengths, by the piece or the truckload. Prices vary depending on the thickness and length, with choices from Imperial bar size #3 to #8. While added features, such as corrosion-resistance, cost more, major construction projects can save by ordering in higher quantities.

• Beams: The price of beams for 2017 may fluctuate along with the steel market and worldwide demands. Additionally, beam size and weight, installation requirements, and labor rates also affect the final cost. After an engineer calculates the proper length and strength of the I-beam, installation costs will typically range from $200 to $400 for each beam. If you only need one length, you can have your local steel supplier cut you a 6' or 8' length.

• Flats: This year, the steel market is expected to see a strong upturn in finished flat steel output. Flat steel products are used in industries such as shipbuilding, automobile, and domestic appliances. The underlying growth in fat rolled demand is forecast to be at 1.5 to 3%. Prices for the first quarter could reach as high as $700 per ton due to tight inventories but is expected to come down to $500 per ton by the end of the year.

If you’re in the market to buy steel, turn to a local company that offers competitive pricing and fast, dependable service. Whether you need an unbeatable value for a few parts or are stocking up for a full construction, the team at M.C. Steel and Crane Service in Newport, KY, are your project’s go-to steel suppliers. Call (859) 781-8600 to request a quote or visit their website for information on crane service for installation.