Futures edged up slightly and spot quotes rose modestly in some markets, reflecting average demand and occasional shortages. However, overall trading sentiment remained wait‑and‑see, and the second round of coke price cuts weakened cost support. As a result, rebar prices are expected to stay in a consolidation phase with limited upward pressure.
India's domestic steel market strengthened as rebar prices rose amid steady demand and higher raw material costs. Major primary steel producers raised rebar prices recently, with further increases expected in the coming week driven by raw material cost pressure and a demand pickup.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Steel Rebar | China | FOB | USD 452.74/MT | August 2026 |
| Steel Rebar | India | CIF | USD 543.53/MT | August 2026 |
| Steel Rebar | USA | CIF | USD 608.36/MT | August 2026 |
| Steel Rebar | Germany | CIF | USD 566.33/MT | August 2026 |
| Steel Rebar | Australia | CIF | USD 547.41/MT | August 2026 |
| Steel Rebar | China | FOB | USD 454.35/MT | July 2026 |
| Steel Rebar | India | CIF | USD 561.16/MT | July 2026 |
| Steel Rebar | USA | CIF | USD 641.84/MT | July 2026 |
| Steel Rebar | Germany | CIF | USD 587.98/MT | July 2026 |
| Steel Rebar | Australia | CIF | USD 552.81/MT | July 2026 |
Stay updated with the latest Steel Rebar prices, historical data, and tailored regional analysis
In China, the average price of Steel Rebar slipped from ~USD 454.35/MT (FOB) in July to ~USD 452.74/MT in August, showing a marginal decline. India saw a sharper fall, with average import prices easing about 3.1% from ~USD 561.16/MT (CIF) to ~USD 543.53/MT. Chinese rebar values stayed low because mills were selling close to production cost, leaving little room for deeper cuts. Lower crude steel output helped keep the market stable, but Chinese customs data showed bar exports rising 18.1% in August, pushing more material into Asian markets. In India, domestic steel output grew 4.6% in August, increasing local supply and reducing the need for imports. Construction activity also slowed during the monsoon season, so buyers placed only small orders, which pushed import prices lower. In September, Chinese prices firmed slightly as buyers restocked before the Mid-Autumn and National Day holidays and mill maintenance in North China reduced hot metal output.
Analyst Insight
According to Procurement Resource, in the near term, steel rebar prices are likely to stay range-bound, as recovering construction demand is balanced by ample export supply.
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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.
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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