Steel Rebar Price Trend, Index, Chart, Analysis, News 2024, Demand and Forecast

𝗦𝘁𝗲𝗲𝗹 𝗥𝗲𝗯𝗮𝗿 𝗣𝗿𝗶𝗰𝗲 𝗶𝗻 𝗨𝗦𝗔

• 𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: 1514 USD/MT (8mm)
• 𝗧𝗮𝗶𝘄𝗮𝗻: 705 USD/MT (8mm)
• 𝗜𝘁𝗮𝗹𝘆: 768 USD/MT

At the close of Q4 2023, the price of Steel Rebar (8 mm) in the USA stood at $1514 per metric ton. Throughout the final week of December, steel rebar prices maintained stability amid decreased trade activity and order reductions from holiday-related factors.

The latest report by IMARC Group, titled "𝗦𝘁𝗲𝗲𝗹 𝗥𝗲𝗯𝗮𝗿 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁 𝟮𝟬𝟮𝟰: 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱, 𝗖𝗵𝗮𝗿𝘁, 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗡𝗲𝘄𝘀, 𝗗𝗲𝗺𝗮𝗻𝗱, 𝗛𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗗𝗮𝘁𝗮" delivers a comprehensive analysis of steel rebar prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

𝗥𝗲𝗽𝗼𝗿𝘁 𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴:

• 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗕𝗶𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription

The study delves into the factors affecting steel rebar price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It is an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/steel-rebar-pricing-report/requestsample
 

𝗦𝘁𝗲𝗲𝗹 𝗥𝗲𝗯𝗮𝗿 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱- 𝗤𝟰 𝟮𝟬𝟮𝟯

The combination of factors propelling the steel rebar market reflects the worldwide dynamics of infrastructure development and construction. Urbanization and industrialization in emerging nations are the primary drivers of large-scale construction projects that require steel rebar for reinforcing concrete structures. These projects range from residential buildings to enormous infrastructure projects like bridges, highways, and tunnels. Demand is also increased by government initiatives for the construction and modernization of infrastructure, such as public transportation systems and energy facilities. The rebound in building activity in developed countries, fueled by restorations and green building initiatives, is another factor supporting the demand for steel rebar. In regions that value sustainable construction practices, steel rebar is highly valued for its robustness and recyclable nature, aligning with the goals of ecologically conscious building. Furthermore, by creating rebar that is stronger and more corrosion-resistant, technological advancements in the steel industry have enhanced the utilization and efficiency of steel in construction projects. However, the industry also faces challenges such as fluctuating raw material prices and the need for technological breakthroughs to produce more environmentally friendly ways to produce steel. Overall, the global steel rebar market's growth trajectory is balanced by the expanding demands of the building industry and the growing need for sustainable production methods.

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. In the last quarter of 2023, a complex web of regional and international factors affected pricing, supply, and demand, which had a significant impact on the dynamics of the steel rebar market in North America, Asia-Pacific, and Europe. The market sentiment in North America has been subdued by oversupply and declining downstream demand, particularly from the construction sector, which has historically been a major user of steel rebar. Despite a global increase in dollar pricing, a combination of labor concerns, transportation challenges, and the removal of countervailing levies on imports from particular countries resulted in a relative stabilization of prices in the U.S. market. Together, these factors caused demand to decline as inflationary concerns increased. Logistical issues, such as diminishing water levels that impacted shipping routes and potential labor strikes that affected the cost and accessibility of hot rolled coil-a crucial element in the fabrication of steel rebar-complicated the supply chain even more. Conversely, steel rebar prices in the Asia-Pacific region-more especially, in Taiwan-started to rise as a result of rising raw material costs. This demonstrates how vulnerable the global market is to fluctuations in the cost of iron ore and steel waste. The area faced particular challenges, including shortages brought on by import prohibitions and disruptions in vital maritime routes like the Panama Canal, which increased freight prices and extended lead times. Despite these challenges, the demand from the automotive and construction sectors initially backed the price increases. However, as the quarter progressed, seasonal slowdowns in manufacturing and construction-which were made worse by additional logistical challenges and adverse weather-caused demand to decline. As a result, by the end of the quarter, prices had somewhat dropped.

In spite of early price increases brought on by Germany's restocking efforts, the European steel rebar market remained stable. Subsequently, the stability of the European market was impacted by a fall in overall activity, government interventions in energy costs, and buyers' prudence in the face of uncertainty in the global market. The need for prudence was brought to light by a decline in Germany's production of crude steel and the impact of inclement weather on downstream demand. The European steel rebar market's attitude was representative of a broader trend of cautious optimism, which was constrained by knowledge of the ongoing challenges, like increased shipping hazards and a general slowdown in trade. The way these factors interact among the three regions highlights how intricate the global steel rebar market is, with regional variations in supply and demand dynamics having a significant influence on the pricing trend and overall market sentiment in the fourth quarter of 2023.

𝗕𝗿𝗼𝘄𝘀𝗲 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/steel-rebar-pricing-report

𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗦𝘁𝗲𝗲𝗹 𝗥𝗲𝗯𝗮𝗿 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Steel Rebar Prices
• Steel Rebar Price Trend
• Steel Rebar Demand & Supply
• Steel Rebar Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Steel Rebar Price Analysis
• Steel Rebar Industry Drivers, Restraints, and Opportunities
• Steel Rebar News and Recent Developments
• Global Event Analysis
• List of Key Players

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗣𝗿𝗶𝗰𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:

• 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

𝗡𝗼𝘁𝗲: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
𝗧𝗲𝗹 𝗡𝗼:(𝗗) +91 120 433 0800
𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: +1-631-791-1145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.