Steel Rebar Price in USA
- United States: 1514 USD/MT (8mm)
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 stemming 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,” provides a thorough examination of steel rebar price trend. This report delves into globally, presenting a detailed analysis, along with informative steel rebar price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Steel Rebar Prices December 2023:
- United States: 1514 USD/MT (8mm)
- Taiwan: 705 USD/MT (8mm)
- Italy: 768 USD/MT
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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 serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Steel Rebar Price Trend- Q4 2023
The steel rebar market is experiencing robust growth driven by several key factors. The primary driver is the surge in construction activities worldwide, especially in emerging economies where urbanization and infrastructure development are at an all-time high. Governments are investing heavily in infrastructure projects such as highways, bridges, and residential buildings, which significantly boost the demand for steel rebar. Additionally, the trend towards the renovation and modernization of existing infrastructure in developed regions also contributes to the market’s growth. Technological advancements in steel rebar production, such as the development of high-strength and corrosion-resistant rebars, are further propelling the market.
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 North America, the steel rebar prices in the last quarter were primarily influenced by fluctuating raw material costs, specifically the prices of iron ore and scrap steel. Supply chain disruptions, partly due to geopolitical tensions and trade policies, also played a significant role in price volatility. The demand for rebar remained strong, driven by substantial infrastructure projects and a buoyant construction sector, which exerted upward pressure on prices. Additionally, labor shortages and increased transportation costs due to fuel price hikes contributed to the overall rise in steel rebar prices.
In the Asia Pacific region, steel rebar prices in the last quarter were heavily impacted by varying levels of industrial activity across different countries. The resurgence of construction projects post-pandemic, particularly in China and India, led to a significant increase in demand, thereby driving up prices. The cost of production saw an uptick due to rising energy prices and raw material costs. Additionally, environmental regulations in China, aimed at reducing emissions, led to temporary production cuts in steel mills, further tightening supply and pushing prices upward.
In Europe, the steel rebar market saw price changes influenced by a combination of supply chain constraints and heightened demand from the construction sector. The ongoing recovery of the European economy from the pandemic-induced slowdown led to a surge in infrastructure and residential construction projects. This increased demand for steel rebar, thereby elevating prices. Additionally, stringent environmental policies and regulations across European countries pushed steel manufacturers to adopt greener and often more expensive production methods, contributing to higher costs.
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.
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