Steel Rebar Price Trend and Forecast

Regional Price Overview

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

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.

Europe

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.

Asia

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.