AISC collects and maintains a wide breadth of industry data which we share with our full member fabricators on a quarterly basis. Below is a snapshot of some of the industry data we collect that tells part of the story of where our industry stands today.
It is also important to note that while material prices do have an effect on the overall cost of construction projects, they are only a small piece of the pie. Factors such as labor, installation/erection, and material transport will often make up a larger portion of the overall cost no matter what the material type.
Average Published Pricing
Each month, AISC averages published pricing from domestic wide-flange mills. The chart below is a good indication of mill pricing today, but is not reflective of lead times or section availability. This is not indicative of procurement costs and lead times via a steel service center warehouse.
W14x68 pricing comes from Nucor Yamato and Steel Dynamics.
Tracking Fabricated Product Pricing
The Producer Price Index (PPI) is a family of more than 10,000 indexes covering the output of nearly all industries in the goods-producing sector of the U.S. economy and approximately three quarters of the service sector, as well as natural gas and electric utilities, construction and goods competitive with those made in producing sectors (such as scrap materials). PPIs measure price change from the perspective of the seller.
The product, from the Bureau of Labor Statistics, is a great resource in our industry to not only understand how material pricing is changing on an index basis in relation to wide flange shapes, plates or HSS sections, but also look at the fabricated product pricing in comparison. View PPI graphs for our industry here.