The axial stiffness of the corrugated steel plate is negligible by nature of unique geometric characteristics of the plate called as the accordion effect. This unique effect results in high efficiency on post-tensioning. Thus, corrugated steel plate is very suitable for a web of PC-box girder. Recent researches show that strain and stress in sub-panel of corrugated steel webs, that are induced by local bending of the sub-panel, exist even if the axial stiffness is negligible. These strain and stress in sub-panel are important since it might cause fatigue failure of the structure under repeated loading. This study presents the analytical simulation of the accordion effect of the I-girder with corrugated steel webs under pure axial load or bending including the effect of local bending of sub-panel of the corrugated steel webs. Theoretical study and numerical results were combined to develop the simplified equation to evaluate the accordion effect including the effect of local bending of the sub-panel.