Rebar Prices

Rebar Prices December 2023

In the fourth quarter of 2023, the price of the rebar in the USA reached 1,515 USD/MT. In Taiwan, the price of rebar hit 708 USD/MT in the same month. During the fourth quarter of 2023, rebar prices in Italy peaked at 871 USD/MT.

Rebar Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Rebar Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of rebar pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of rebar at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of rebar price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing rebar price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Rebar Market Analysis

The global rebar market size reached 289.11 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 422.3 Million Tons, at a projected CAGR of 4.30% during 2023-2032.

• According to the United Nations Development Programme (UNDP) report "China in Numbers (2023)," the urbanization rate of individuals tripled since 1982, reaching 66.2% in 2023. The fast rate of urbanization and infrastructure development is driving the need for stronger and more durable reinforced concrete structures. Rebar is crucial in modern construction, as it guarantees the strength and durability of these new developments. Furthermore, government efforts and notable funding in infrastructure development projects, like highways, bridges, railways, and airports, are strengthening the market growth. The rising development of cities is catalyzing the demand for strong and long-lasting building materials including rebar to support the structural requirements of urban development and infrastructure initiatives.
• The growing demand for eco-friendly building materials, as they can help improve energy efficiency and lower the carbon footprint of construction projects, is offering a favorable market outlook. Environmentally conscious building methods are in line with the use of sustainable rebar, often made from recycled steel. Furthermore, improvements in rebar production methods that lessen waste and energy usage also contribute to the market growth. Besides this, the implementation of environment-friendly building certifications is encouraging the utilization of sustainable rebar. The emphasis on minimizing environmental footprint while upholding top construction criteria is driving the need for creative and eco-friendly rebar options. In January 2024, Koch Industries announced its plans to invest $700 million in Hybar to build a steel rebar mill in Arkansas, with the capacity to recycle scrap metal and manufacture 630,000 tons of rebar annually.
• Rebar plays a vital role in the energy industry, especially in building renewable energy plants. Wind turbine foundations, solar panel mounts, and hydroelectric dam frameworks all depend on reinforced concrete for strength and longevity in harsh weather conditions. The use of rebars in these structures helps meet the growing demand for sustainable energy sources by providing the necessary durability and strength. In May 2023, the U.S. Treasury announced that solar, wind, and battery energy storage systems (BESS) projects could receive a 10% bonus credit under the Inflation Reduction Act if they used domestic materials, including steel or iron rebar, and adhered to specific domestic manufacturing and construction standards.
• Rebar is utilized in the construction of ports, docks, and offshore structures. These projects encounter distinct challenges as they are exposed to saltwater, which can speed up the corrosion process. Different kinds of rebar like epoxy-coated or stainless-steel rebar are employed to improve resilience and prevent corrosion, ensuring the long lifespan of marine structures.
• Rebar is used in water management projects to enhance concrete structures including reservoirs, water treatment plants, and pipelines.  These initiatives necessitate the use of rebar as an essential material due to its strong resilience and ability to withstand corrosion. Reinforcement assists in ensuring that these vital infrastructure components are capable of withstanding the pressure and volume of water, thereby avoiding leaks and structural failures.

Rebar News

The report covers the latest developments, updates, and trends impacting the global rebar market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the rebar price trend.

Latest developments in the rebar industry:

• July 2024: Jindal Advanced Materials announced plans to increase their FRP rebar production capacity to 100,000 metric tons by FY26, aiming to become the top producer worldwide.
• June 2024: White Cap revealed that it had purchased Rebar Solutions, LLC, a rebar fabricator and distributor based in Virginia, in order to grow its rebar business and improve service options in the Mid-Atlantic region.
• April 2024: Sherwin-Williams Protective & Marine launched Sher-Bar TEC, a textured epoxy coating that enhances bond strength and corrosion resistance for rebar, increasing the durability and longevity of infrastructure.

Product Description

Rebar, also called reinforcing bar, is a steel bar or mesh made from steel wires used in reinforced concrete and masonry structures to reinforce concrete against tension. It is available in different types, such as carbon steel, stainless steel, epoxy-coated, and glass-fiber-reinforced-polymer (GFRP), are chosen for varying environmental and structural needs.

Rebar improves the overall durability and resilience of concrete structures, enabling them to endure substantial pressure and weight. It allows for the development of complex shapes and structures through enhancing flexibility and innovation in architectural design. It enhances the ability of concrete to withstand environmental factors including temperature fluctuations, humidity, and exposure to chemicals.

Rebar is widely utilized in construction endeavors like bridges, buildings, highways, and various other infrastructure projects. It is essential in situations where concrete is exposed to substantial weights or moving pressures, such as in high-rise buildings and industrial facilities.

Regional Coverage

The report provides a detailed analysis of the rebar market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the rebar price trend. 

Global Rebar Price

The report offers a holistic view of the global rebar pricing trends in the form of rebar price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of rebar but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed rebar demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Rebar Price

Europe's rebar pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials. The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence rebar production costs. Additionally, the region's dependency on rebar imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

Detailed price information for rebar can also be provided for an extensive list of European countries.

North America Rebar Price

In North America, rebar prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region's emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence rebar supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

Specific rebar historical data within the United States and Canada can also be provided.

Middle East and Africa Rebar Price

The rebar pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors. The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East's strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global rebar supply and prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Rebar Price

In the Asia Pacific region, rebar pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region's high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of rebar, making the Asia Pacific market a complex environment for price trend analysis.

This rebar price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Rebar Price

Latin America's rebar market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in rebar prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing rebar pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of rebar pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting rebar price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The rebar price charts ensure our clients remain at the forefront of the industry.