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Steel Framing Services in the US Procurement Price, Data and Insights
Steel framing services refer to constructing and installing structural frames made of steel. Steel framing contractors install steel and precast concrete to produce structural elements, building exteriors, and elevator fronts. These services are an integral part of nonresidential construction activities used to create a skeleton frame to support the roof, walls, and floors of a building. Steel framing services are also procured for residential, highway, and bridge construction projects. Key buyers include construction companies, general contractors, developers, architects, and government entities.
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What’s included in this market coverage
IBISWorld's research coverage on the Steel Framing Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Steel Framing Services market in the United States includes Light Gauge Steel Framing and Structural Steel Framing. Standard coding in this coverage includes ISIC-439-Other specialized construction activities, NACE-43.99-Other Specialised Construction Activities N.E.C., NAICS-238120-Structural Steel and Precast Concrete Contractors and UNSPSC-72101521-Building framing service.
What common market terminology is included?
Common market terminology included in the Steel Framing Services procurement coverage includes Arc Welding Systems (A process by which a power supply is used to create an electric arc between the electrode and the base material; preferred for work on thick steel because the high intensity of the heat it generates.), Tungsten Inert Gas (An arc-welding process that uses a tungsten electrode to produce the weld.) and Metallic Inert Gas (Commonly used form of arc welding in structural steel erection.).
What companies are included as top suppliers?
The top companies covered in the Steel Framing Services procurement report as suppliers are Buckner HeavyLift Cranes, LLC, Basden Steel Corporation, Williams Erection Company, National Steel City LLC and Midwest Steel Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Steel Framing Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per square foot, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Steel Framing Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Steel Framing Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Steel Framing Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Steel Framing Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Steel Framing Services?
The 2026 benchmark market price for Steel Framing Services is $32.5 per square foot. Prices have increased at a CAGR of 1.93 from 2023-26.
Who are the top vendors in the Steel Framing Services market?
The top vendors in the Steel Framing Services market include Buckner HeavyLift Cranes, LLC, Basden Steel Corporation, Williams Erection Company, National Steel City LLC and Midwest Steel Inc..
What industries supply the Steel Framing Services market?
The top industries supplying the Steel Framing Services market are Construction & Mining Equipment Wholesaling in the US, Mining, Oil & Gas Machinery Manufacturing in the US, Heavy Equipment Rental in the US, Construction Machinery Manufacturing in the US, Metal Wholesaling in the US and Iron & Steel Manufacturing in the US.
What is the supply chain risk for Steel Framing Services?
The high level of supply chain risk requires careful planning and monitoring of supply conditions. Steel framing services is subject to a high level of supply chain risk due to sharp fluctuations in steel prices. High supply chain risk works exposes buyers to project delays and price increases arising out of disruptions to the supply of steel. Buyers can limit supply chain risk by asking vendors what measures they are taking to ensure a secure supply of steel at stable prices.
What factors affect the price of Steel Framing Services?
Structures can be framed with high-grade or low-grade steel. High-grade steel is stronger, more durable and more corrosion-resistant; however, high-grade steel costs more because it contains more alloying elements like chromium, nickel and molybdenum.
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