The current steel prices(2010-2011) in the United States are as follows :
Hot Rolled Steel Coil – $694 per tonne
Hot Rolled Steel Plate – $808 per tonne
Cold Rolled Steel Coil – $789 per tonne
Steel Wire Rod – $683 per tonne
Medium Steel Sections – $795 per tonne
World Steel Raw Material and Energy Prices are as follows :
Therm Coal – $123 per tonne
Cooking Coal – $144.8 per ton
Iron Ore – 182 C/dmtu
Natural Gas – $314.3 per 000m3
Steel Scrap – 7.07 C/KwH
Source : http://www.steelonthenet.com/price_info.html
http://www.steelonthenet.com/commodity_prices.html
The prices of steel fluctuate with time and may change with rise and fall in the industry. Steel is used for many more purposes than just construction and is available in many forms.
Steel Building Taxes and Deductions
The Federal Energy Policy Act of 2005 allows for a tax deduction of $1.80 per square foot on energy efficient buildings in United States. The steel buildings that are well insulated are liable for a tax deduction for their commercial building according to the policy. The deduction can be claimed by the owner of the building. However, the tenant of the steel building can also claim the deduction if they hold some part of construction expenditure in the metal building. The lighting and energy saving system that you install in your building should save on building’s energy and power cost upto 50% or more.
