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Steel Rebar Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22416
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Steel Rebar Prices December 2023
| Product | Category | Region | Price |
|---|---|---|---|
| Steel Rebar | Metal & Metalloids | USA | 1514 USD/MT (8mm) |
| Steel Rebar | Metal & Metalloids | Taiwan | 705 USD/MT (8mm) |
| Steel Rebar | Metal & Metalloids | Italy | 768 USD/MT |
In the final week of December, prices of steel rebar remained stable because of reduced trade activity, order reductions due to holidays, disruptions in international trade routes, and decreased consumption in the construction industry amid cold weather conditions and manufacturing slowdowns. The Steel Rebar (8 mm) price in USA at the end of Q4 2023 was 1514 USD/MT.
The price of steel rebar in Taiwan for Q4 2023 reached 705 USD/MT. In December, the Taiwanese market experienced a significant decrease in the demand for Steel Rebar because of winter and holiday seasons. In addition to this, disruptions in trade routes that are caused by drought in the Panama Canal and attacks in the Red Sea further affected the steel rebar market.
In Q4 2023, the current price of Steel Rebar FD-Rome in Italy was 768 USD/MT. The Italian company Acciaierie d’Italia has started a maintenance shutdown to minimize production disruptions, and a rescheduled meeting with joint venture partners suggests a more positive outlook for the next quarter.
Steel rebar Price Trend, Market Analysis, and News
IMARC’s newly published report, titled Steel Rebar Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, 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 prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends 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 changes in raw material costs, 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, advancements in Steel Rebar production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
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.
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 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 price trends.
Global Steel Rebar Price
The report offers a holistic view of the global steel rebar pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Steel Rebar Price
In Q4 2023, the European Steel Rebar market experienced stability. In Germany, prices initially rose in October due to restocking but later stabilized as demand waned. Decreased overall activity in the European steel industry led to stable prices in November and December. Market uncertainties and reduced downstream activity influenced a cautious approach among buyers.
This analysis can be extended to include detailed steel rebar price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| 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, among other European countries. |
North America Steel Rebar Price
In Q4 2023, the North American Steel Rebar market faced challenges with excess supply and reduced demand. Despite low prices in October, stability prevailed in November and December, influenced by inventory levels and production growth. The quarter ended with stable prices at USD 1514/MT in Illinois, impacted by various factors like reduced trade activity and cold weather conditions.
Specific data on steel rebar prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
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.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Steel Rebar Price
In the Asia Pacific region, Steel Rebar prices remained stable in Q4 2023. Taiwanese steel mills raised prices in October due to increased raw material costs, sustained through November amid bullish market sentiment. Rising production costs led to sustained price hikes. However, in December, prices faced challenges from reduced demand, trade disruptions, and adverse weather conditions, slowing manufacturing activity in Taiwan.
This analysis can be further extended to include detailed steel rebar prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
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.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Steel Rebar |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
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 volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, 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, ensuring they remain at the forefront of the steel rebar industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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