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.
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 prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive steel rebar price news, 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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/steel-rebar-pricing-report/requestsample
Steel Rebar Price Trend- Last Quarter
In North America, the steel rebar market faced a persistent downtrend throughout Q2 2024. This decline was primarily driven by a significant supply-demand imbalance, where excess inventories were met with weakened demand from the construction sector. High interest rates and ongoing economic uncertainties curtailed construction activities, thereby diminishing the need for steel rebar. Furthermore, the influx of low-cost imports exacerbated market conditions by increasing competition and driving domestic prices lower. Maintenance outages at mills offered only short-term relief and did not effectively counteract the broader bearish sentiment in the market. In the USA, steel rebar prices saw notable declines, with minimal influence from seasonal factors and a 2% decrease observed between the first and second halves of the quarter.
Steel Rebar Industry Analysis
In Europe, the market exhibited notable fluctuations during Q2 2024. The primary drivers of these fluctuations included persistent supply chain disruptions, rising energy and raw material costs, and increased demand from both the construction and automotive sectors. Geopolitical tensions, coupled with stringent trade regulations and the European Commission's import limits, added to the complexity of the market environment. Additionally, rising shipping costs further impacted pricing dynamics. In Germany, significant price changes were observed, with a modest recovery attributed to improved manufacturing activities and a rise in demand during the warmer months. Seasonal effects led to a 1% increase in prices between the first and second halves of the quarter.
In the Asia Pacific region, the steel rebar market exhibited stability, with balanced supply and demand dynamics. Moderate supply chain disruptions, variations in raw material costs, and seasonal demand patterns contributed to a steady market environment. China, as the major player in the region, experienced moderate price fluctuations due to cautious inventory management and steady downstream demand, despite broader economic challenges. The stability in China reflected a balanced market where supply met demand without significant disruptions, allowing the market to navigate economic uncertainties with a stable outlook.
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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