Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

Singapore Construction Materials Price: Steel Bars data was reported at 795.600 SGD/Ton in Sep 2018. This records an increase from the previous number of 793.800 SGD/Ton for Jun 2018. Singapore Construction Materials Price: Steel Bars data is updated quarterly, averaging 783.000 SGD/Ton from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 1,657.800 SGD/Ton in Jun 2008 and a record low of 397.100 SGD/Ton in Dec 2015. Singapore Construction Materials Price: Steel Bars data remains active status in CEIC and is reported by Building and Construction Authority . The data is categorized under Global Database’s Singapore – Table SG.EA002: Construction Materials: Demand and Prices.

In the second quarter of financial year 2025, the cost of a 16 mm steel bar in the Indian cities of Chennai and Hyderabad reached ** Indian rupees per kilogram. However, in Delhi, the steel was slightly more affordable. Compared to the previous year, there was a noticeable increase in steel prices across all cities. The significant uptick in the cost of steel in India towards the end of 2020, was believed to be a result of China’s increased demand for Indian iron ore. Crude steel India’s crude steel production has been growing steadily, with the basic oxygen furnace (BOF) being the preferred production method. While both private and public sector companies contribute to this production, the private sector, dominates the market. JSW Steel, in particular, has the highest production capacity in India, contributing significantly to the country’s position as the world’s second-largest producer of steel. Steel consumption in India Steel consumption in India has been on a steady rise, with the country’s rapid industrialization and development in sectors such as construction, automobile, and infrastructure. This upward trend in steel consumption is estimated to persist, with an annual growth rate of **** percent in fiscal year 2024.

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TMT Steel Bar Market Size 2025-2029

The TMT steel bar market size is forecast to increase by USD 91 billion, at a CAGR of 4.3% between 2024 and 2029.

Major Market Trends & Insights

APAC dominated the market and accounted for a 77% growth during the forecast period.
By the End-user - Residential segment was valued at USD 164.10 billion in 2023
By the Grade Type - Fe 415 segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 37.18 billion
Market Future Opportunities: USD 91.00 billion 
CAGR : 4.3%
APAC: Largest market in 2023

Market Summary

The TMT (Thermo-Mechanically Treated) steel bar market demonstrates a significant role in various industries, including construction and infrastructure. According to industry reports, the market's growth is driven by the increasing adoption of TMT steel bars due to their superior strength, durability, and resistance to corrosion. Compared to traditional steel bars, TMT steel bars exhibit a higher yield strength and tensile strength, making them an attractive choice for structural applications. Moreover, the demand for seismic resistance is a key factor fueling the market's expansion. In regions prone to earthquakes, the use of TMT steel bars is becoming increasingly popular due to their ability to withstand seismic forces.
For instance, in India, the Bureau of Indian Standards (BIS) mandates the use of TMT steel bars in earthquake-prone areas. Despite these growth drivers, the market faces challenges such as fluctuating raw material costs for making TMT steel bars. However, advancements in production technologies and the increasing focus on energy efficiency are expected to mitigate these challenges. The market is expected to continue evolving, with a focus on innovation and sustainability.

What will be the Size of the TMT Steel Bar Market during the forecast period?

Explore market size, adoption trends, and growth potential for tmt steel bar market Request Free Sample

The market exhibits a steady expansion, with current sales accounting for approximately 120 million metric tons worldwide. Looking forward, growth is anticipated to persist, with forecasts suggesting a 5% annual increase in demand. Notably, Asia Pacific is a significant contributor to the market's expansion, accounting for over 60% of global sales. In contrast, Europe and North America represent smaller yet growing markets, with a combined share of around 25%.
This regional disparity underscores the importance of effective supply chain management and cost-effective manufacturing strategies for market participants. Additionally, stringent regulatory compliance, quality control processes, and production process optimization remain essential to ensure the market's continuous growth and competitiveness.

How is this TMT Steel Bar Industry segmented?

The tmt steel bar industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Residential
  Commercial
  Infrastructure


Grade Type

  Fe 415
  Fe 500 and 500D
  Fe 550 and 550D
  Fe 600
  Others


Diameter Size

  6-8 mm
  8-12 mm
  12-20 mm
  Above 20 mm


Distribution Channel

  Direct Sales
  Dealers & Distributors
  Online Sales
  Retail Hardware Stores


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

TMT steel bars play a pivotal role in the residential construction sector, offering numerous advantages due to their superior properties and durability. These bars are widely utilized in various types of residential structures to ensure structural integrity and safety. TMT bars boast high tensile strength and excellent ductility, making them suitable for withstanding the stresses and loads that residential buildings encounter throughout their lifespan. Their superior strength-to-weight ratio enables the construction of safer and more reliable structures. Moreover, TMT bars exhibit good elongation properties, which enable them to deform without breaking during seismic events. This property is essential for maintaining a building's structural integrity during earthquakes and preventing catastrophic collapses.

Inventory management in steel production is a critical aspect of TMT bar manufacturing, ensuring efficient production and minimal waste. Rebar splicing techniques and dimensional tolerances are essential for ensuring seamless integration of TM

Hong Kong SAR (China) Wholesale Price: High Tensile Steel Bars: 10 mm to 40 mm data was reported at 5,144.000 HKD/Ton in Jan 2025. This records an increase from the previous number of 5,135.000 HKD/Ton for Dec 2024. Hong Kong SAR (China) Wholesale Price: High Tensile Steel Bars: 10 mm to 40 mm data is updated monthly, averaging 6,411.000 HKD/Ton from May 2021 (Median) to Jan 2025, with 45 observations. The data reached an all-time high of 8,012.000 HKD/Ton in Mar 2022 and a record low of 5,135.000 HKD/Ton in Dec 2024. Hong Kong SAR (China) Wholesale Price: High Tensile Steel Bars: 10 mm to 40 mm data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.EA007: Wholesale Price: Construction Materials.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Finished Steel Bars and Bar Shapes (WPU101708) from Jun 1982 to Sep 2025 about finished, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Track TMT price trends with monthly, quarterly, and yearly data for 2024-2025. Get expert forecasts, historical charts, and regional insights to plan your sourcing.

Graph and download economic data for Producer Price Index by Commodity for Metals and Metal Products: Hot Rolled Steel Bars, Carbon (DISCONTINUED) (WPU10170402) from Dec 2010 to Nov 2017 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

209 Global export shipment records of Steel Tmt Bars with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

In 2024, after two years of growth, there was decline in the Indian market for hot-rolled bars of high speed steel, when its value decreased by -3.3% to $7B. In general, the total consumption indicated temperate growth from 2012 to 2024: its value increased at an average annual rate of +3.9% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

In the fiscal year 2023, the average market price of light steel bars in Japan was around ****** thousand Japanese yen per metric ton, decreasing from roughly ****** thousand yen in the preceding fiscal year. This was the highest price during the past decade.

In 2024, the Indonesian market for hot-rolled steel bars and rods decreased by -3.9% to $1.7B, falling for the second consecutive year after two years of growth. In general, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market hit record highs at $2.5B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

View monthly updates and historical trends for US Producer Price Index: Metals and Metal Products: Hot Rolled Steel Bars, Plates, & Structural Shapes. fro…

TMT Bar prices (FOB India) fell 3–7% YoY in Q4 2024. In 2025, prices may stay stable or rise slightly on infrastructure demand and raw material costs.

580 Global export shipment records of Tmt Steel Bar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Graph and download economic data for Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Finished Steel Bars and Bar Shapes, Made from Purchased Steel (PCU3312213312213) from Jan 1967 to Sep 2025 about finished, purchase, steel, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

In 2024, the Ghanian market for hot-rolled steel bars and rods decreased by -3.6% to $1.6B, falling for the second consecutive year after two years of growth. Over the period under review, consumption posted a moderate expansion. Over the period under review, the market reached the maximum level at $2B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Deformed Reinforcing Steel Bar Market Outlook

The global deformed reinforcing steel bar market size was valued at approximately $160 billion in 2023 and is expected to reach around $250 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period. This robust growth is driven by rapid urbanization, increasing construction activities, and the rising demand for high-strength steel bars in various infrastructure projects.

One of the major growth factors contributing to the expansion of the deformed reinforcing steel bar market is the booming construction industry worldwide. As urban areas continue to expand, the need for residential and commercial buildings, as well as infrastructure projects like bridges and highways, is on the rise. This surge in construction activities is creating a substantial demand for deformed reinforcing steel bars, which are essential for providing the necessary strength and durability to concrete structures. Government initiatives aimed at developing smart cities and upgrading existing infrastructures further propel this demand.

Another critical factor driving market growth is the increasing adoption of advanced construction techniques and materials. With the construction industry evolving, there is a growing preference for materials that offer superior strength, flexibility, and sustainability. Deformed reinforcing steel bars, known for their enhanced bonding properties and resistance to tensile stress, fit this requirement perfectly. Technological advancements in steel manufacturing processes have also led to the production of high-quality deformed bars, which meet stringent industry standards and cater to the specific needs of modern construction practices.

The rising awareness about the benefits of deformed reinforcing steel bars compared to traditional plain bars is also fueling market growth. Deformed bars, with their ribbed surface, provide better bonding with concrete, reducing the risk of slippage and enhancing the overall structural integrity. This makes them a preferred choice for critical construction applications. Additionally, the increasing focus on sustainable construction practices and the use of recyclable materials further boosts the demand for deformed reinforcing steel bars, as they contribute to reducing the environmental impact of construction activities.

Thermo-Mechanically Treated (TMT) Bars have emerged as a significant advancement in the construction industry, offering enhanced strength and durability. These bars undergo a specialized process that combines thermal and mechanical treatment, resulting in superior tensile strength and ductility. The unique ribbed pattern on TMT bars ensures better bonding with concrete, making them an ideal choice for earthquake-prone regions and high-stress applications. As construction projects increasingly demand materials that can withstand extreme conditions, the adoption of TMT bars is on the rise. Their ability to maintain structural integrity while being cost-effective makes them a preferred option for builders and engineers alike.

Regionally, the Asia Pacific region is expected to dominate the deformed reinforcing steel bar market during the forecast period. This can be attributed to the rapid urbanization and industrialization in countries like China and India, where there is a significant demand for residential and commercial construction. Government investments in infrastructure development and favorable policies supporting the construction sector are also contributing to the market's growth in this region. Other regions such as North America and Europe are also experiencing steady growth, driven by the need to upgrade aging infrastructure and the adoption of advanced construction technologies.

Type Analysis

In the deformed reinforcing steel bar market, the type segment is categorized into carbon steel, alloy steel, and stainless steel. Carbon steel bars are the most commonly used type due to their affordability and sufficient strength for various construction applications. These bars are known for their high carbon content, which provides the necessary hardness and durability required in reinforcing concrete structures. Carbon steel bars are widely used in residential and commercial construction due to their cost-effectiveness and ease of availability.

Alloy steel bars, on the other hand, are gaining traction in the market due to their superior mechanic

36 Global import shipment records of Tmt Steel Bar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

United Arab Emirates Construction Material Price: Average: Dubai: Steel: Bars: 6 to 8 mm data was reported at 2,699.380 AED/Ton in Mar 2018. This records an increase from the previous number of 2,325.938 AED/Ton for Dec 2017. United Arab Emirates Construction Material Price: Average: Dubai: Steel: Bars: 6 to 8 mm data is updated quarterly, averaging 2,418.333 AED/Ton from Mar 2011 (Median) to Mar 2018, with 29 observations. The data reached an all-time high of 2,830.830 AED/Ton in Mar 2011 and a record low of 1,740.417 AED/Ton in Mar 2016. United Arab Emirates Construction Material Price: Average: Dubai: Steel: Bars: 6 to 8 mm data remains active status in CEIC and is reported by Dubai Statistics Center. The data is categorized under Global Database’s United Arab Emirates – Table AE.P001: Average Construction Material Prices.