On March 16 2022, the rebar pricing in Jiangsu, Zhejiang, and Shanghai was 4,846.67 RMB/MT, up 0.86% from the previous trading day and up 4.95 perce%ver year. Wire rod prices in Jiangsu, Zhejiang, and Shanghai were 5,022 RMB per tonne, up 0.84 perct from the previous trading day and up 5.87 percent year over year. The key factors driving the growth of the global steel rebar market were the expanding construction sector, dropping steel prices, reduced wastage, minimised overlapping at joints, and aided in speedier infrastructure development. Furthermore, an advanced thermo-mechanical technology that aids in improving the quality of steel rebar, as well as unique features of steel rebar such as high tension, ductility, and the ability to provide perfect shaped beams and columns with precise quantities of cover concrete, were some of the major factors driving the steel rebar market growth in 2022.
Procurement Resource provides latest prices of Rebar. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Rebar for several regions around the globe, which are as follows:
Rebar (or reinforcing bar), refers to massed reinforcing of steel or steel reinforcement, that is, steel bars installed inside the plain cement concrete. Rebar, being a mesh of steel wires or steel bar , is mostly utilised as a tension device in reinforced concrete to build structures. The product is widely utilised in the construction sector as it strengthens and aids the concrete under tension. Further, it can significantly boost the tensile strength of the structure.
The steps involved in the production of Rebar generally include conversion of steel (scrap/molten) into molten steel and then into semi-finished products through continuous casting, which is followed by direct rolling/hot rolling process and thermo mechanical treatment. Thus, melting scrap steel in an electric arc furnace and subsequently moulding it into billets that are further hot-rolled produces Rebar.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).