For the Quarter Ending March 2025
North America
• The Steel Rebar Price Index in North American market settled at the end of Q1 2025 at USD 929/MT Ex Illinois, showing a 5% increase in comparison to Q4 2024, indicating a bullish pricing environment.
• Why did the price of Steel Rebar change in April 2025?
Steel Rebar Prices increased in early April 2025 due to consistent supply chain disruptions and stronger demand from industrial and construction sectors.
• Steel Rebar Spot Price increases were supported by limited imports, port congestion, and import restrictions, all contributing to constrained supply across the region.
• The Steel Rebar Production Cost Trend saw an upward push due to logistical inefficiencies and rising freight rates, compounding supply-side challenges.
• Domestic demand from manufacturing and infrastructure development showed strength, positively shaping the Steel Rebar Demand Outlook for the region.
• The USA reported the sharpest price escalation in Q1, reinforcing strong regional demand coupled with supply limitations.
• The Steel Rebar Price Forecast for Q2 2025 suggests that prices may remain elevated if import restrictions persist and infrastructure projects gain further momentum.
Europe
• The Steel Rebar Price Index in Europe (Germany) reached USD 873/MT FD-Ruhr by the end of Q1 2025, up 4.3% quarter-on-quarter, maintaining a firm upward trajectory.
• Why did the price of Steel Rebar change in April 2025?
Prices of Steel Rebar increased in early April 2025 as a result of continued operational disruptions, elevated freight costs, and new environmental regulations impacting producers.
• The Steel Rebar Spot Price rose amid constrained product availability due to port congestion, equipment shortages, and long shipping routes.
• The Steel Rebar Production Cost Trend moved upward due to compliance with the EU Emissions Trading System, adding further financial strain on manufacturers.
• Demand stayed moderate, but tight supply provided significant support to the Steel Rebar Demand Outlook, particularly in construction-heavy economies like Germany.
• Plant-level issues and regional infrastructure commitments continue to influence pricing positively.
• The Steel Rebar Price Forecast suggests further increases are likely in Q2 if current supply bottlenecks and regulatory costs remain persistent.
Asia-Pacific (APAC)
• The Steel Rebar Price Index in APAC concluded Q1 2025 at USD 458/MT Ex Shanghai for HRB400 – 8 mm, reflecting a 2.3% drop compared to the previous quarter.
• Why did the price of Steel Rebar change in April 2025?
Prices of Steel Rebar decreased entering April 2025 in Asia due to oversupply, slower demand recovery, and weak construction sector performance in key markets like China.
• The Steel Rebar Spot Price was weighed down by sluggish off-take in domestic and international markets, with China dominating the region’s pricing trajectory.
• Despite rising energy and raw material costs, the Steel Rebar Production Cost Trend was overshadowed by falling market prices due to surplus inventory.
• The Steel Rebar Demand Outlook remains bearish, as ongoing economic uncertainties and stagnating real estate sectors continue to undermine consumption.
• Persistent oversupply and insufficient stimulus for infrastructure weighed down market confidence throughout Q1.
• The Steel Rebar Price Forecast for Q2 2025 remains soft unless government intervention or export-driven recovery is initiated.
For the Quarter Ending December 2024
North America
The North American Steel Rebar market faced significant headwinds during Q4 2024, with prices ending at USD 806/MT Ex Illinois in the USA—marking a 3% decline from the previous quarter. This sustained downward trend highlights ongoing challenges in regional market dynamics, with the USA, as a key regional indicator, experiencing the sharpest price movements.
The persistent decline in steel rebar prices was driven by weak demand fundamentals alongside persistent oversupply conditions. Reduced consumption patterns across construction and infrastructure sectors exacerbated the negative pricing environment, while abundant material availability further weighed on market sentiment. Prices consistently deteriorated throughout both halves of the quarter, signalling deep-rooted structural issues in the balance of supply and demand.
Market participants across North America found themselves grappling with these pressures, as the combination of sluggish demand and excess inventory created significant barriers to price stabilization. The consistent quarter-long downtrend reflects broader industry challenges, with little relief in sight unless a major correction occurs in either supply-side dynamics or a revival in regional demand.
Europe
In Q4 2024, the Europe region witnessed a decline in Steel Rebar prices, driven by a combination of factors. Global disruptions, contributed to supply challenges, while weakening demand in the construction sector, exacerbated by regulatory uncertainties and high interest rates, further dampened market conditions. Furthermore, the market also faced pressure from oversupply, with production cuts by steelmakers failing to offset the downward price trend. Additionally, Germany, in particular, experienced significant price fluctuations, reflecting the broader European trend. Moreover, Within Q4 2024, prices remained stable initially but decreased by 3% in the second half of the quarter, highlighting the downward trajectory. The market sentiment remains bearish, with expectations of continued low demand. Furthermore, the demand for Steel Rebar in Germany has declined due to economic challenges and changing consumer behaviour during the summer holiday period. The quarter ended with Steel Rebar prices at USD 806/MT FD-Ruhr, Germany, underscoring the prevailing negative sentiment and indicating a generally bearish pricing environment.
APAC
The APAC Steel Rebar market experienced downward price movements throughout Q4 2024, driven by a confluence of persistent oversupply, lower demand, and rising input costs. This challenging environment exerted continuous pressure on pricing, creating a bearish market sentiment for the region. Additionally, China, as the region's largest producer and consumer of steel products, played a significant role in shaping the overall market trends. Steel Rebar prices in China saw a decline of 0.8% quarter-on-quarter, reflecting the broader challenges troubling the APAC market. Weakened demand, fuelled by global economic uncertainties and a slowdown in construction activity, coupled with increased supply levels, influenced the pricing environment throughout the quarter. The market closed the quarter with the price of Steel Rebar (HRB400 - 8 mm) Ex Shanghai recorded at USD 478/MT, underscoring the persistent downward pressure. Market players across the region struggled to navigate the pricing dynamics amid a complex mix of oversupply and subdued consumption patterns, further weighed down by economic constraints rippling from the global landscape.
For the Quarter Ending September 2024
North America
The third quarter of 2024 for Steel Rebar in North America has been marked by a notable decrease in prices, with significant factors influencing market trends. Additionally, weak demand, coupled with excess supply, has created a challenging environment for steel rebar pricing.
In the USA specifically, the market has experienced the most significant price changes. Furthermore, the overall trend in the region has been negative, with prices declining compared to the same quarter last year. Additionally, the quarter-on-quarter change in 2024 also showed a decreased trend, indicating sustained downward pressure on prices. Moreover, the comparison between the first and second half of the quarter revealed a further 1% decline, highlighting a consistent negative trend in pricing.
The latest quarter-end price stands at USD 871/MT of Steel Rebar (8 mm) Ex Illinois in the USA, reflecting the prevailing bearish sentiment in the market. Overall, the pricing environment for Steel Rebar in the North America region has been challenging, with prices consistently on a downward trajectory.
APAC
Throughout Q3 2024, the Steel Rebar market in the APAC region has experienced a period of decreasing prices, influenced by a combination of factors. Additionally, the market has been notably affected by persistent oversupply, sluggish demand, and rising input costs. Moreover, these challenges have created a downward pressure on prices, leading to a negative trend in the pricing environment.
In China, which has seen the most significant price changes, the Steel Rebar market has reflected overall trends in the region. Additionally, the comparison between the first and second half of the quarter revealed a decline of 3%. Furthermore, market dynamics have been influenced by a combination of increased supply, weakened demand, and global economic uncertainties impacted the prices of Steel Rebar.
The latest price recorded at USD 465/MT for Steel Rebar (HRB400 - 8 mm) Ex Shanghai in China signifies the prevailing decreasing sentiment in the market, highlighting the challenges faced by industry players in navigating pricing dynamics amidst a complex operating environment.
Europe
In Q3 2024, the Europe region witnessed a decline in Steel Rebar prices, driven by a combination of factors. Global disruptions, such as conflicts in Ukraine and the Middle East, contributed to supply challenges, while weakening demand in the construction sector, exacerbated by regulatory uncertainties and high interest rates, further dampened market conditions. Furthermore, the market also faced pressure from oversupply, with production cuts by steelmakers failing to offset the downward price trend.
Germany, in particular, experienced significant price fluctuations, reflecting the broader European trend. Additionally, Within Q3 2024, prices remained stable initially but decreased by 2% in the second half of the quarter, highlighting the downward trajectory. Moreover, the market sentiment remains bearish, with expectations of continued low demand. Furthermore, the demand for Steel Rebar in Germany has declined due to economic challenges and changing consumer behaviour during the summer holiday period.
The quarter ended with Steel Rebar prices at USD 818/MT FD-Ruhr, Germany, underscoring the prevailing negative sentiment and indicating a generally bearish pricing environment.
For the Quarter Ending June 2024
North America
The Steel Rebar market in North America during Q2 2024 experienced a consistent downtrend, driven by several significant factors. A notable supply-demand imbalance resulted in ample inventories against subdued demand, primarily from the construction sector. In particular, the persistent high interest rates and economic uncertainties curtailed construction activities, thereby diminishing the demand for steel rebar. The influx of low-cost imports further exacerbated the situation by intensifying competition and pushing domestic prices downward. Maintenance outages at mills provided only momentary price support, failing to counter the overall bearish market sentiment.
Focusing on the USA, the decline in steel rebar prices was particularly pronounced. The overall trend indicated a steady weakening of prices due to low market participation among major players and a cautious approach by buyers. The seasonality factor showed minimal impact as the usual upswing in spring construction activities did not materialize significantly. Instead, the correlation between reduced demand and ample supplies continued to drive prices down. Moreover, a 2% decrease when comparing the first and second halves of Q2.
Conclusively, the quarter-ending price settled at USD 844/MT of Steel Rebar (8 mm) CFR Illinois. This consistent downward trend underscores a negative pricing environment, reflecting diminished demand, increased domestic supply, and heightened import competition. The overall ambiance for steel rebar pricing in Q2 2024 was notably pessimistic, significantly influenced by macroeconomic factors and sectoral challenges.
Europe
The second quarter of 2024 has presented a complex landscape for steel rebar pricing in Europe, characterized by significant fluctuations and underlying market dynamics. The primary factors influencing market prices this quarter have included persistent supply chain disruptions, increased energy and raw material costs, and heightened demand from the construction and automotive sectors. Supply constraints, exacerbated by geopolitical tensions and trade regulations, have further tightened the market. The European Commission's import limits and increased shipping costs have also played pivotal roles in shaping the pricing environment.
Focusing on Germany, the country has experienced the most notable price changes. The overall trend indicates a modest recovery, supported by improved manufacturing activities and rising demand from downstream industries. Seasonality has also impacted prices, with construction projects typically ramping up during the warmer months, driving demand and exerting upward pressure on prices. Moreover, the comparison between the first and second half of the quarter shows a marginal increase of 1%, suggesting a gradual stabilization in market conditions.
The latest quarter-ending price stands at USD 834/MT for Steel Rebar (8 mm) FD-Ruhr in Germany. While the pricing environment has been cautiously positive, driven by stronger demand and constrained supply, the market remains sensitive to external factors. Overall, the quarter has been marked by an interplay of challenges and opportunities, with the German market showing resilience amidst broader European trends.
APAC
In Q2 2024, the steel rebar market in the APAC region exhibited a stable pricing environment, driven by several key factors balancing supply and demand dynamics. The quarter's stability can be attributed to a combination of moderate supply chain disruptions, variations in raw material costs, and the influence of seasonal demand patterns across the construction and infrastructure sectors. The market sentiment remained largely steady, reflecting a cautious approach among producers and buyers alike.
China, representing the most significant price fluctuations within the region, saw steel rebar prices in China were characterized by moderate production levels, cautious inventory management, and a steady demand from downstream industries, despite the broader economic challenges.
Seasonality played a crucial role, with the second half of the quarter maintaining price parity with the first half, reflecting a stable change. This stability underscores a balanced market where supply adequately met demand without significant disruptions. Moreover, the cautious approach of manufacturers, coupled with subdued economic conditions, helped maintain an equilibrium in price dynamics.
The quarter concluded with steel rebar prices at USD 485/MT Ex Shanghai, reflecting a consistent stable market sentiment. Despite minor fluctuations, the overall environment for steel rebar pricing in Q2 2024 has been neutral, neither overly positive nor negative, allowing the market to navigate through economic uncertainties with a balanced outlook.
Frequently Asked Questions (FAQs):
1. What is the current price of Steel Rebar in China?
• As of Q1 2025, the Steel Rebar Spot Price in China is USD 458/MT Ex Shanghai for HRB400 – 8 mm grade.
2. What is the current price of Steel Rebar in the US?
• As of Q1 2025, the Steel Rebar Spot Price in the US is USD 929/MT Ex Illinois.
3. What is driving the Steel Rebar Production Cost Trend globally?
• Rising input costs (energy, scrap), logistical inefficiencies, and environmental regulation compliance—especially in Europe—are key drivers of increasing production costs.
4. What is the Steel Rebar Demand Outlook for Q2 2025?
• North America and Europe are expected to maintain or increase demand due to infrastructure projects and supply constraints, while APAC may continue facing challenges from oversupply and construction slowdowns.
