Chinese iron ore futures finished lower and Qingdao spot prices eased slightly as trader activity stayed thin and steel mills remained wait-and-see. Weekly supply was broadly stable, with global shipments flat and port arrivals edging down, while the Port Hedland strike has not yet materially affected availability. Near-term prices are expected to consolidate on a subdued note.
Mumbai rebar prices firmed amid monsoon-affected Indian steel market conditions. Buying remained need-based, while infrastructure and manufacturing demand underpinned the market. Declining scrap and sponge iron costs kept mills cautious, but rebar moved up slightly.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Steel Rebar | China | FOB | USD 468.56/MT | June 2026 |
| Steel Rebar | India | CIF | USD 556.11/MT | June 2026 |
| Steel Rebar | USA | CIF | USD 623.51/MT | June 2026 |
| Steel Rebar | Germany | CIF | USD 590.05/MT | June 2026 |
| Steel Rebar | Australia | CIF | USD 534.64/MT | June 2026 |
| Steel Rebar | China | FOB | USD 474.94/MT | May 2026 |
| Steel Rebar | India | CIF | USD 542.28/MT | May 2026 |
| Steel Rebar | USA | CIF | USD 594.13/MT | May 2026 |
| Steel Rebar | Germany | CIF | USD 568.39/MT | May 2026 |
| Steel Rebar | Australia | CIF | USD 525.77/MT | May 2026 |
Stay updated with the latest steel rebar prices, historical data, and tailored regional analysis
In China, the prices of Steel Rebar were ~USD 459.66/MT and ~USD 469.00/MT, respectively, in the first and last months of the second quarter of 2026. Asian rebar markets received support from controlled steel output and infrastructure-related demand, although broader construction weakness limited stronger gains. Chinese steel supply remained high, with stainless steel production data indicating strong overall steelmaking activity, while property-sector weakness continued affecting construction material demand. Inventory management and slower real-estate activity prevented a stronger upward movement despite improved cost conditions.
In Germany, the prices of Steel Rebar were ~USD 585.66/MT in April and ~USD 590.00/MT in the last month of Q2'26, showing a marginal increase. European steel markets remained supported by reduced domestic supply and tighter import conditions after trade measures increased landed costs. EU steelmaking capacity utilisation remained limited, restricting supply growth. However, weak automotive and manufacturing demand prevented significant price increases. Import competition declined as European buyers faced higher costs for overseas steel, providing some support to regional producers.
Analyst Insight
According to Procurement Resource, steel rebar prices are expected to remain balanced, with infrastructure demand supporting consumption while construction recovery and steel production levels determine further price direction.
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Steel rebar prices in Q1’26 followed a weak-to-stable trend across Asia, with slight support emerging toward the end of the quarter due to improving seasonal demand and supply adjustments. Market pressure persisted as global overcapacity and export competition weighed on Asian steel markets, limiting upward movement. Upstream conditions remained soft, as mills operated under weak margins and cautious production strategies, reflected in China’s rebar output declining by 12.3% year-on-year to 42.32 million metric tons in Q1’26, indicating deliberate supply restraint amid weak demand conditions. Downstream construction demand stayed slow in January and February, with limited project execution and low transaction volumes, before improving slightly in March with seasonal restocking. Trade flows were affected by geopolitical tensions, as the Iran war and Strait of Hormuz disruption increased freight, fuel, and insurance costs and reduced steel shipments to the Gulf, which had been a key export destination for Asian steel producers. This weakened export sentiment while raising cost pressures, creating a mixed market environment.
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.
Infrastructure, Housing
Reinforcement Bar
Nucor Corporation, ArcelorMittal S.A., Tillos Group, Commercial Metals Corporation, Rajhi Steel Industries Co. Ltd., Gerdau Long Steel
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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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.
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