Steel Rebar Price Trend and Forecast

Steel Rebar Regional Price Overview

Get the latest insights on price movement and trends analysis of Steel Rebar in different regions across the world (Asia, Europe, North America, Latin America, and th e Middle East & Africa).


Steel Rebar Price Trend for the Q2 of 2024

In Q2 2024, the global price trend for steel rebar exhibited considerable volatility, influenced by a range of economic and market-specific factors. In Europe, the market faced declining demand, particularly in the construction sector, which significantly impacted rebar prices. The sector was further affected by high interest rates and a slowdown in residential construction, leading to reduced activity and weak consumption. Although the public construction projects provided some support, overall, the market remained constrained by limited material appetite and declining confidence among construction firms.

Steel Rebar Price Chart

Steel Rebar Price Trends and Forecast

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In Germany, the market experienced intense competition among distributors, especially within the house-building sector. This competition, combined with consistent downstream price decline, led to financial strain and minimal profit margins for many production units. Additionally, the push towards more sustainable steel production methods, such as the use of electric arc furnaces and direct-reduced iron, presented challenges due to the high costs and limited supply of necessary materials.

The UK and Italy saw similar trends, with prices stabilizing in the later part of the quarter but still marked by marginal fluctuations. These fluctuations reflected cautious stability amid the persistent battle of the market with stagnant demand and low activity. The subdued market activity made it challenging to gauge accurate price indications for steel rebar, with few and infrequent sales compounding the difficulty.

However, in the US, domestic rebar producers maintained high asking prices, supported by robust domestic demand and strategic positioning ahead of potential trade policy changes. The anticipation of tariffs on Chinese imports and shifts in global trade dynamics influenced market behavior, leading to price stability or increases in certain regions. In the Middle East, disruptions at major ports affected supply to Europe, contributing to price fluctuations.

Analyst Insight

According to Procurement Resource, the price of Steel Rebar is expected to face production disruptions due to economic slowdowns in key regions like the US and China. The global recession fears and inflationary pressures are further likely to dampen market sentiment. The transition to more environmentally friendly production methods, coupled with rising energy costs and supply chain constraints, might also add to the complexity of the market.

Steel Rebar Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Steel Rebar Energy, Metals and Minerals USA 975 USD/MT March 2024
Steel Rebar Energy, Metals and Minerals Europe 927 USD/MT March 2024

Stay updated with the latest Steel Rebar prices, historical data, and tailored regional analysis

Steel rebars are reinforcements made out of steel that are primarily used in the construction sector to increase the tensile strength and build quality of the structure. Since these reinforcements are cast out of steel, their price trends align very closely with each other. During the said period of Q1’24, there was a slight depreciation that was witnessed in the steel rebar industry.

Chinese real estate market has been witnessing a downtime for a long time now, which significantly reduced the steel rebar construction in the country. In India, the public infrastructure projects have been supporting the demands, however, the private sector demands are limited here as well.

The European and American construction markets also have been dwindling because of the various geopolitical and geoeconomic uncertainties. In the post-COVID era, the construction industry has been facing a difficult time in rebuilding itself; because of this, the price trend was pushed down. Other than this, the filled-up inventories also didn’t leave much room for the prices to improve.

Analyst Insight

According to Procurement Resource, the Steel Rebar market is expected to continue behaving in a similar manner for the time being. The inventories are well stocked to support the demands for some time going forward.

Steel Rebar Price Trend for the October - December of 2023

Steel Rebar is a type of steel reinforcement that is primarily used in the construction industry to increase the tensile strength of structures. Hence, the market trends for steel rebar are largely influenced by the performance of the construction industry and the prices of feedstock steel. During the given period of Q4’23, the steel rebar prices were observed to be narrowing down in the majority of the important global markets.

Lower investment in the construction sector in most countries in the winter season and impending holidays kept the steel rebar demands at a lower level. On the other hand, the steel market was also not able to provide much upstream cost support. During the latter months of the quarter, suppliers acquired more of a wait-and-watch approach toward the steel rebar market, given the gloomy market sentiments. Overall, mixed market sentiments were witnessed in the steel rebar market.

Analyst Insight

According to Procurement Resource, the Steel Rebar price trends are likely to oscillate in the coming months given the current market volatilities and complex trade and logistical scenario.

Steel Rebar Price Trend for the July - September of 2023

Since the Steel Rebar is most commonly used in the construction sector with concrete for reinforcement purposes, the price graph varies closely with the demands from the construction sector. During the third quarter of the year 2023, steel rebar prices continued on the downhill trajectory. The biggest downgrading factor remained the slump in the Chinese construction sector.

Because of feeble domestic demands, the Chinese suppliers flooded the international market with excess products, thus negatively impacting the steel rebar prices in the global markets as well. The Indian steel rebar market showed some positive movement since the rapid public infrastructure development was consuming a lot of steel rebar. Overall, the global steel rebar markets only receded during this time as the steel rebar price index consistently registered falling numbers.

Analyst Insight

According to Procurement Resource, Steel Rebar prices are expected to oscillate further in the coming quarter, considering the current conditions of the global economy and downstream demand.

Steel Rebar Price Trend for the First Half of 2023

Steel Rebar prices continued to plunge in the first half of the year 2023. The construction sector laid low, and the surplus stocks didn’t let the price trends redeem. The situation was further worsened when the Government of India imposed a 15% export duty on steel and its associated items, which led to a considerable decline in steel exports.

And with this decline in sales, the prices touched a two-year low limit within the said period. Hence, the Steel Rebar prices tottered on the lower end of the price scale. Along with the feeble demands from the construction sector, the depressing cost support from the feedstock steel was also responsible for such poor market performance by Steel Rebar.

Analyst Insight

According to Procurement Resource, the price trends for the Steel Rebar market are likely to depreciate further since both domestic and global consumption has taken a hit, and the stockpiles are running high.

Steel Rebar Price Trend for the Second Half of 2022

Steel Rebar is primarily consumed by the infrastructure and construction sectors to provide tensile strength to concrete structures. The Steel Rebar price trends during the last six months of 2022 varied with the feedstock steel prices and the demands posed by the construction sector.

The world was struggling with high global inflation rates in the wake of the Russia and Ukraine conflict. Further, the Chinese market was still harrowing in sustaining itself after a long lockdown. In these situations, where people were worried about rising food and energy bills, the construction requirements took a backseat. The demand for Steel Rebar started falling drastically, and the price trends swung downward for the entire second half of 2022.

Analyst Insight

According to Procurement Resource, not much rectification is anticipated in the Steel Rebar market going forward. Since the inventories are heavily stocked, even normal demands will not be able to lift the market immediately.

Steel Rebar Price Trend for the Second Quarter of 2022

North America

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.

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About Steel Rebar

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.

Steel Rebar Product Details

Report Features Details
Product Name Steel Rebar
Industrial Uses Infrastructure, Housing
HS Code 732690
Synonyms Reinforcement Bar
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.

Steel Rebar Production Processes

  • Steel Rebar Production via EAF Process

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).

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