Steel Rebar Prices

Steel Rebar Prices September 2024

The steel rebar prices in the United States for Q3 2024 reached 860 USD/MT in September. The region experienced notable price drops amid declining demand and excess supply. Prices consistently trended downward, with a minor decrease at the end of the quarter. This persistent bearish sentiment highlighted ongoing challenges in stabilizing the market as excess supply continued to weigh heavily on pricing dynamics.

The price trend for steel rebar in China for Q3 2024 settled at 475 USD/MT in September. The market mirrored the broader Asia Pacific trend, marked by declining prices amid oversupply and weak demand. The quarter witnessed a drop in prices between the quarter, with worldwide economic concerns and increased production adding pressure. This bearish environment underscored the region’s challenging market dynamics.

In Germany, the steel rebar prices for Q3 2024 reached 835 USD/MT in September. The market reflected the broader European downturn, marked by significant price drops driven by economic challenges and low seasonal demand. Initially stable, prices dipped as demand fell owing to high interest rates and the construction sector’s slow pace. Economic pressures and summer holidays further softened demand, underscoring a bearish market sentiment.

Steel Rebar Prices June 2024

The steel rebar prices in the United States for Q2 2024 reached 870 USD/MT in June. The United States showed a steady decline owing to ample supply and low demand, especially from a subdued construction sector. The anticipated spring demand boost failed to materialize, with high interest rates and economic concerns limiting activity. Increased imports and cautious market participation intensified downward pressure on domestic prices.

The price trend for steel rebar in China for Q2 2024 settled at 445 USD/MT in June. China faced stability in prices, owing to moderate manufacturing levels and steady demand for steel rebar from key sectors. Seasonal factors played a role, balancing production, and demand across the quarter, with manufacturers cautiously managing inventories. This steady approach allowed China’s market to navigate economic challenges, maintaining consistent pricing without sharp fluctuations.

In Germany, the steel rebar prices for Q2 2024 reached 865 USD/MT in June. The market faced gradual stabilization in steel rebar prices, influenced by increased demand from manufacturing and construction. Seasonal factors and improved manufacturing activity have supported modest price gains. Despite broader European constraints, the German market has shown resilience, with steady demand driving a positive pricing trend amidst constrained supply and high energy costs.

Steel Rebar Prices March 2024

The steel rebar prices in the United States for Q1 2024 reached 870 USD/MT in March. The United States faced steady prices due to consistent demand from the infrastructure and construction sectors. With a balanced raw material supply and minimal seasonal disruptions, the market maintained an optimistic outlook.

The price trend for steel rebar in China for Q1 2024 settled at 481 USD/MT in March. The market faced significant price declines, because of lower raw material costs and subdued demand. Slow construction activities and oversupply led to the downward pricing trend, while mills eased production under reduced cost pressures. International trading activity was low, with buyers showing hesitancy amid the uncertain market dynamics.

In Germany, the steel rebar prices for Q1 2024 reached 820 USD/MT in March. Germany faced declining prices, driven by low demand, coupled with cautious purchasing from key sectors such as construction and automotive. Limited trading volumes and an ongoing reluctance among producers to reduce prices further reflect the broader pessimistic sentiment. These factors, along with trade disruptions, maintained downward pressure on the pricing environment.

Steel Rebar Prices December 2023

The steel rebar prices in the United States for Q4 2023 reached 1514 USD/MT (8mm) in December. The market saw stable prices despite a rise in global values. Transport restrictions and potential labor issues impacted purchasing and shipping activities. The removal of countervailing duties helped stabilize domestic prices but contributed to a demand slowdown, especially from the construction sector.

The price of steel rebar in Taiwan for Q4 2023 reached 705 USD/MT (8mm) in December. The market faced price stability despite rising raw material prices and increased production. The market saw price surges in October but faced challenges in December owing to diminishing winter demand and trade disruptions. These factors led to a small fall in prices amid a fluctuating market environment.

The price trend for steel rebar in Italy for Q4 2023, reached 768 USD/MT in December. Initial price increases due to restocking in October were followed by a stabilization as demand waned and industry activity slowed. December maintained steady prices amid cautious market sentiment, trade slowdowns, and a focus on adjusting production for the next quarter.

Regional Coverage

The report provides a detailed analysis of the steel 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 steel rebar price trend.

Global Steel Rebar Price

The report offers a holistic view of the global steel rebar pricing trends in the form of steel 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 the current price but also provides insights into steel rebar historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into steel rebar 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 steel 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 Steel Rebar Price

Q3 2024:

During the third quarter of 2024, European steel rebar prices saw a notable downturn, owing to a mix of international and domestic challenges. Supply disruptions, partly due to ongoing disputes in regions like the Middle East and Ukraine, complicated logistics, and intensified pricing pressures. In addition to this, the construction sector faced the weakening demand amid regulatory worries and high interest rates, which diminished industry momentum. Despite production cuts implemented by steel manufacturers, an oversupply of rebar continued to weigh heavily on prices. The market remained bearish, with subdued activity and a limited appetite for new orders. Overall, the quarter closed with a cautious outlook, as persistent economic and supply-side pressures drove continued price softness across Europe.

Q2 2024:

In Q2 2024, Europe’s market has been shaped by a blend of fluctuating prices, coupled with complex market forces. The quarter witnessed the steady demand for steel rebar from the automotive and construction sectors amid rising raw material and energy costs, which, along with ongoing supply chain disruptions, drove price volatility. Heightened regulatory trade restrictions and geopolitical tensions, including European Commission import limits, have further tightened the market, placing additional upward strain on pricing. Shipping costs have remained high, impacting the overall pricing landscape. While supply challenges persisted, the market witnessed a balanced demand, particularly as these sectors entered their peak operational season, highlighting the resilience and adaptability within the European steel rebar market.

Q1 2024:

During Q1 2024, the market in Europe witnessed a downward movement in prices, mainly due to an oversupply and subdued fertilizer industry demand. Anticipations of a potential drop in the prices of nitrogen led buyers to hold off on purchases, eyeing the upcoming demand season in spring next year. Compounded by unfavorable weather, such as heavy rainfall, the market's enthusiasm for stocking up on steel rebar waned. Besides this, the geopolitical tensions and security concerns in the Red Sea area forced trading routes to adjust, which increased stockpiles at European ports and influenced the market's stability.

Q4 2023:

Europe's market remained constant in quarter four of 2023 despite various challenges. Initial cost increases in Germany in October were driven by restocking, but these gains were offset by decreased demand and reduced industry activity later in the month. By the end of the quarter, stability returned as the market witnessed steady prices amid reduced demand and decreased end-user activity. Slowdowns in trade and bad weather conditions in early 2024 lessened expectations for increasing orders. A cautious approach was encouraged by rising shipping risks and uncertainty in global markets, leading some producers to modify their production plans for the next quarter.

This analysis can be extended to include detailed steel rebar price information for a comprehensive list of countries.

North America Steel Rebar Price

Q3 2024:

The North American steel rebar market in Q3 2024 faced notable price declines amid a challenging landscape shaped by weakened demand and oversupply. The market sentiment remained largely bearish, as the demand from the construction and infrastructure sectors was notably subdued, while steel production continued to exceed consumption needs. In line with this, the market's cautious stance reflected an ongoing concern over broader economic uncertainties and potential supply chain disruptions. Despite attempts by producers to stabilize prices, the consistent oversupply hindered recovery efforts, leaving the North American market in a persistent state of price reduction as the quarter closed.

Q2 2024:

In North America, the market during the second quarter of 2024 faced a steady decline, largely attributed to an imbalance between supply and demand. With ample inventory and dampened demand for steel rebar in the construction sector, market conditions remained weak. Persistent economic uncertainty and high interest rates restrained construction projects, further failing rebar demand. Additionally, the inflow of competitively priced imports increased pressure on domestic producers, contributing to falling prices. In line with this, the environment was marked by reduced buyer activity, with major industry players adopting a cautious stance, reflecting a challenging market landscape dominated by excess supply and sluggish demand.

Q1 2024:

In North America, the steel rebar market during the first quarter of 2024 displayed a stable pricing environment, influenced by steady demand from core sectors like infrastructure and construction. The consistent demand from these downstream industries provided a solid foundation for price stability. Supply remained balanced as raw materials including steel scrap and iron ore were readily available, supporting a smooth production process without significant disruption. The equilibrium between supply and demand helped maintain an optimistic market sentiment across the region. External factors, including seasonal variations, had limited effect, allowing the market to sustain a steady trajectory.

Q4 2023:

In Q4 2023, the market in North America experienced a subdued outlook due to surplus supply and diminishing consumption. October saw stable rates despite rising global dollar values, with shipping issues and potential labor strikes affecting the distribution and purchasing of Hot Rolled Coil. The removal of counterbalancing sanctions on certain imported Rebar stabilized domestic prices but aided in a demand slowdown during inflationary concerns. By November, prices held steady due to boosted supply and a slight production boost, but construction sector demand fell slightly, thus leading to steady pricing. December maintained stability as diminished trade activity, leave-related slowdowns, and diminished construction consumption balanced the market.

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

Middle East and Africa Steel Rebar Price

The report explores the steel rebar pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on steel rebar prices for countries can also be provided.

Asia Pacific Steel Rebar Price

Q3 2024:

In the third quarter of 2024, the steel rebar market across the Asia Pacific region witnessed a notable decline in prices, owing to constant oversupply, and weakened demand, coupled with escalating input costs. The combination of these factors exerted a steady descending strain on pricing, creating a challenging environment for market players. This period saw a cautious approach from buyers who anticipated further price decreases, while producers faced rising operational costs. Despite efforts to balance production and demand, the market struggled with an ongoing oversupply, which hindered price stability. The quarter closed on a subdued note as market participants adapted to a persistently bearish outlook, reflecting the region’s broader economic and supply-side difficulties.

Q2 2024:

The market across the Asia Pacific during the second quarter of 2024 maintained a steady pricing trend, as multiple factors combined to balance demand and supply. Market stability was influenced by minor interruptions in the supply chain, steady seasonal demand for steel rebar from the infrastructure and construction sectors, and moderate raw material cost fluctuations. Caution among both buyers and producers reinforced a stable pricing environment, with inventory levels and production aligned to meet consistent demand across the region. In line with this, the overall sentiment was neutral, with the market showing resilience in adapting to economic worries without significant price volatility.

Q1 2024:

In Asia Pacific, the steel rebar market during Q1 2024 faced substantial price declines amid a challenging landscape marked by oversupply and weaker demand for steel rebar from major industries. Contributing factors included interruptions in worldwide trade routes, which further strained the region’s pricing environment. Many customers lowered their purchasing, anticipating further price drops owing to unstable demand, while market participants exercised caution and reassessed their projections. In line with this, the moderate recovery in local demand was hindered by sluggish performance in the construction sector. Although production increased because of lower costs, international trade remained weak, with buyers hesitant to engage at current price levels.

Q4 2023:

The Asia-Pacific steel rebar market remained stable in Q4 2023, with price fluctuations driven by raw material costs and regional dynamics. October saw a price increase by Taiwanese steel mills due to rising raw material costs, which were influenced by the rate of steel scrap and iron ore globally. Regardless of the weak international demand, Taiwanese mills prolonged price surges. Prices increased in November as a result of a tight supply and excessive demand from the building and automotive industries. Moreover, December presented difficulties due to wintertime demand declines, disturbances in trade routes, and unfavorable weather that affected the outlook for the market.

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

Latin America Steel Rebar Price

The analysis of steel rebar prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Steel rebar Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Steel Rebar Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of steel 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 steel rebar at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of steel rebar price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing steel 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.

Steel rebar Market Analysis

The global steel rebar market size reached US$ 245.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 403.3 Billion, at a projected CAGR of 5.50% during 2023-2032.

• The global steel rebar market is growing significantly. One of the primary drivers of the global steel rebar market is the rise in construction activities worldwide, especially in emerging economies. According to Deloitte’s Global Powers of Construction (GPoC), a total revenue of US$ 1,940 trillion was generated in 2022 from the construction industry, which was 6.3% higher than in 2021. This data represents the gradual growth of the construction industry across the world which in turn is also creating a positive outlook for the steel rebar market.
• Governments across the world are investing in large-scale infrastructure projects such as bridges, highways, airports, and water treatment facilities which require substantial amounts of steel rebar for structural and support longevity. For instance, Government of India (GoI) launched the National Infrastructure Pipeline (NIP), in 2020 which envisages an investment of INR 111 Lakh Cr from 2020 to 2025 i.e., an annual average investment of almost INR 22 Lakh Cr. The government is allocating 3.3% of its GDP to the infrastructure sector in the fiscal year 2024, focusing on transport and logistics segments, with roads and highways accounting for the highest shares. The government aims to develop a 2 lakh-km national highway network by 2025, expand airports to 220, operationalize 23 waterways by 2030, and develop 35 Multi-Modal Logistics Parks (MMLPs).
• Furthermore, the gradual shift toward renewable energy sources, such as wind and solar power plants, necessitates the extensive use of steel rebar in the construction of supporting structures, propelling the global steel rebar market. For example, according to Power Ministry estimates, India's investments in renewable energy (RE) projects will rise by more than 83% to $16.5 billion by 2024, as the country focuses on energy transition to cut carbon emissions. The country's ambitious goal of 500 GW of renewable energy by 2030, as well as its pledge to reduce total fossil fuel power generation capacity to less than 50%. India has pledged to achieve net-zero emissions by 2070.

Steel Rebar News

The report covers the latest developments, updates, and trends impacting the global steel 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 steel rebar price trend.

Latest developments in the steel rebar industry:

• In 2023, Nippon Steel Corporation, Japan’s largest steelmaker, has announced its acquisition of United States Steel Corporation for approximately $14.9 billion, including the assumption of debt. The deal, which values U. S. Steel at $55.00 per share, represents a 40% premium to the company's closing stock price on December 15, 2023, and has received unanimous approval from both companies' boards of directors.
• In 2023, Nucor Steel Tuscaloosa has announced a $280 million investment to expand its product lines and introduce a new one at its Tuscaloosa County rolling mill. This expansion will enable the production of thinner, stronger, and higher-quality plates, as well as a new product that is not currently manufactured domestically.

Product Description

Still rebar or reinforcing bar is a common and important material in construction industry. Steel rebar enhances the structural strength of concrete projects by preventing sleeping within the concrete. Steel bar is typically made of carbon steel and characterized by its rib surface. Rebar comes in various types which includes carbon steel, A615, A706 and galvanized rebar. Each of them offers unique benefits. The production and design of steel rebar also considers factors like corrosion resistance with advancements including epoxy coating or the use of stainless steel to extend the lifespan of reinforced concrete structures in corrosive environments. Rebar is mainly used in various infrastructure projects such as roads, highways, railways and urban public transport. Steel rebar is an essential component for reinforcing the concrete in the structures like buildings, bridges and foundations.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of steel 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 steel 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 steel rebar price charts ensure our clients remain at the forefront of the industry.