Get the latest insights on price movement and trend analysis of Steel Bar in different regions across the world (Asia, Europe, North America, Latin America, and th e Middle East & Africa).
For the Second Quarter of 2022
The US Steel Rebar market in North America witnessed mixed attitudes during the second quarter of 2022, with prices showing small swings, steady demand, and imports offering some challenges. Supply remained scarce, particularly in Florida, despite distributors and traders for steel rebar being more bullish about stockpiles than in the past.
Due to rising imports and freight rates as well as increased port congestion and transportation costs from the ports, Mills has announced steel rebar price increases. Additionally, domestic producers lack strong incentives to agree to cut pricing. Despite the ongoing decline in import prices, significant purchases have not been made. Market members claim that while production and new orders have slowed, the backlog of work has increased.
Prices for Russian Steel Rebar decreased in the second quarter of 2022 as a result of weak demand and few deals on the domestic market. Market players claim that the impact on demand for steel rebar was worsened by weak internal demand amid growing worries about the nation's economic development and mills' limited export due to trade sanctions.
Few Russian exporters are also eager to trade because of the threat of sanctions or banks declining to finance deals, weak terminal demand, and escalating inflationary pressures. The Ukraine War, slower production growth, poorer local demand, fewer export orders, increased cost pressures, and other factors all contributed to a sharp decline in steel rebar prices in the United Kingdom.
Due to a number of variables, including escalating geopolitical tension, supply-chain interruptions, escalating inflationary pressures, and COVID-19, the price of steel rebar in the Asian market saw a modest decline during the second quarter of 2022. Steel Rebar prices had modest increases, according to Chinese market participants, with movements and feelings impacted by an increase in COVID-19 instances.
The conflict between Russia and Ukraine, with its wide-ranging effects, particularly on logistics and raw resources, and the sharp increase of COVID-19 cases, have had a double-edged effect on supply and demand-side movements. In addition, India raised export taxes on bars by 15% beginning on May 22 in an effort to temper the steep rise in domestic rebar prices.
Procurement Resource provides latest prices of Steel 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.
Steel reinforcement bars, also known as rebars, are utilised to increase the tensile strength of the material as concrete is very weak in tension but powerful in compression. Steel is only used as rebar since its thermal expansion coefficient (elongation due to high temperatures) is roughly comparable to that of concrete.
|Product Name||Steel Rebar|
|Industrial Uses||Infrastructure, Housing|
|Supplier Database||Nucor Corporation, ArcelorMittal S.A., Tillos Group, Commercial Metals Corporation, Rajhi Steel Industries Co. Ltd., Gerdau Long Steel|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
At the steel mill, scrap steel is gathered from various sources and placed in a sizable ladle, where it is melted at temperatures of up to 1,800° F. The steel will be poured into a casting while it is still hot. The molten steel is then put into the tundish to prevent splashing and make it feed into the caster. In reality, using this technique causes the molten steel to flow more smoothly. The steel is then given its shape by being poured into a succession of casters while still in the molten state. The resulting forms are referred to as billets and will be utilised later in the procedure to create the rebar.
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).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.