The steel rebar prices in the United States for Q3 2024 reached 860 USD/MT in September. The region experienced notable price drops amid declining demand and excess supply. Prices consistently trended downward, with a minor decrease at the end of the quarter. This persistent bearish sentiment highlighted ongoing challenges in stabilizing the market as excess supply continued to weigh heavily on pricing dynamics.

Get the latest insights on price movement and trends analysis of Steel Rebar in different regions across the world (Asia, Europe, North America, Latin America, and th e Middle East Africa).

Steel fell to 3,188 CNY/T on July 31, 2025, down 1.24% from the previous day. Over the past month, Steel's price has risen 5.21%, and is up 6.27% compared to the same time last year, 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 August of 2025.

Why did the Steel Rebar Price Change in July 2025? The Steel Rebar Price Index in North America declined by approximately 1.4% quarter on quarter in Q2 2025, reflecting growing supply surpluses as downstream demand softened.

Get the latest insights on price movement and trend analysis of Rebar in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Explore the 2023 trends and factors affecting steel rebar prices in construction and infrastructure, influenced by global economic conditions, supply chain issues, and market demand.

The Steel Rebar Market Report is Segmented by Type (Deformed, Mild), Diameter (Less Than Equal To 10 Mm, 10–20 Mm, 20–32 Mm, Greater Than 32 Mm), Production Process (Electric-Arc Furnace, Basic Oxygen Furnace, Induction Furnace), End-User Industry (Residential, Non-Residential), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

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Steel Rebars Market Size 2025-2029

The steel rebars market size is forecast to increase by USD 66.1 billion at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth due to the increasing construction activities in various sectors, including residential, commercial, and infrastructure. This trend is driven by the global population growth and urbanization, leading to a surge in demand for new buildings and infrastructure projects. Moreover, innovations in steel rebars are contributing to the market's growth, with manufacturers focusing on enhancing the product's durability, strength, and corrosion resistance. However, the market faces challenges due to the fluctuation in prices of raw materials needed to manufacture steel rebars, such as iron ore and coal.
These price volatilities can impact the profitability of steel rebar manufacturers and may lead to supply chain disruptions. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on implementing cost management strategies, exploring alternative raw material sources, and investing in research and development to offer innovative and sustainable steel rebar solutions.

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

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The steel rebar market continues to evolve, driven by the dynamic interplay of various factors. Applications in civil and structural engineering sectors remain a significant market driver, with infrastructure development and construction projects requiring large quantities of reinforcement bars for concrete structures. The ongoing unfolding of market activities is marked by advancements in rebar production techniques, such as hot and cold rolling, as well as the development of new steel grades and standards. Rebar diameters and lengths are continually being optimized for various applications, from high-rise buildings to residential construction. Seismic resistance and fire resistance are increasingly important considerations, leading to the adoption of new standards and technologies, such as epoxy and galvanized coatings.
Rebar testing and inspection play a crucial role in ensuring structural integrity, with the importance of quality control and certification growing. The supply chain, from steel mills to rebar distributors and fabricators, is undergoing continuous transformation, with advancements in logistics and technology streamlining the process. Green building initiatives are also influencing market dynamics, with an increasing focus on sustainable and eco-friendly construction materials. Precast concrete and prestressed concrete are gaining popularity due to their environmental benefits and improved mechanical properties. The market's continuous evolution is further underscored by advancements in rebar bending and cutting technologies, as well as the emergence of new applications, such as rebar spacing and rebar placement automation.
Overall, the steel rebar market is a vibrant and dynamic space, characterized by ongoing innovation and adaptation to changing market conditions.

How is this Steel Rebars Industry segmented?

The steel rebars 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.

Type

  Deformed
  Mild


Application

  Residential
  Commercial
  Public infrastructure


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

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

Deformed steel rebars, identified by their raised patterns like lugs, ribs, or indentations, are essential building materials for constructing infrastructure with high strength and durability. These rebars are commonly used in the construction of buildings, bridges, highways, dams, and other structures where structural integrity is paramount. The increasing urbanization in developing countries, particularly in Asia and Africa, drives the demand for new infrastructure and housing projects, leading to a significant increase in the need for deformed steel rebars. Additionally, investments in infrastructure projects such as transportation networks, bridges, and dams create high demand for high-performance reinforcement materials. BS and ASTM standards regulate the production and quality of deformed steel rebars in the US, ensuring their mechanical properties meet specifications.

Steel mills and rolling mills manufacture these rebars using hot or cold rolling processes. Rebar lengths, diameters, and grades vary depending on the application and project requirements. Yield and tensile stren

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes, Carbon (WPU10170410) from Dec 2017 to Jun 2025 about steel, metals, buildings, production, commodities, PPI, price index, indexes, price, and USA.

The global Steel Rebar market stood at approximately 354 million tonnes in 2024 and is anticipated to grow at a CAGR of 3.64% during the forecast period until 2035.

Get the latest insights on price movement and trend analysis of Steel Reinforcing Bar (Rebar) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global deformed steel rebar market is experiencing robust growth, driven by a surge in construction activities worldwide, particularly in infrastructure and housing sectors. The market, estimated at $150 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching an estimated value of approximately $250 billion by 2033. This growth is fueled by increasing urbanization, government initiatives promoting infrastructure development (roads, bridges, and buildings), and a rising demand for resilient and durable construction materials. Emerging economies in Asia-Pacific and the Middle East & Africa are key contributors to this expansion, showcasing significant infrastructural projects and housing developments. Technological advancements in steel production, leading to higher strength and improved durability of rebars, further contribute to market expansion. However, fluctuating raw material prices (iron ore and scrap steel), stringent environmental regulations impacting steel production, and economic downturns in certain regions pose challenges to the market's sustained growth. The market is segmented by type (e.g., Grade 60, Grade 75, and others) and application (infrastructure, housing, and industrial), with the infrastructure segment holding the largest market share due to large-scale projects globally. Key players in the market, including ArcelorMittal, Gerdau S.A., and Nippon Steel & Sumitomo Metal Corporation, are focusing on strategic partnerships, capacity expansions, and technological innovations to maintain their competitive edge and capitalize on the growth opportunities presented by this thriving market. Regional variations in growth rates exist, with Asia-Pacific expected to lead the market due to its rapid economic expansion and extensive construction activities.

HRC Steel rose to 847.04 USD/T on August 1, 2025, up 0.84% from the previous day. Over the past month, HRC Steel's price has fallen 4.29%, but it is still 24.38% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for HRC Steel.

United States - Producer Price Index by Commodity: Metals and Metal Products: Fabricated Structural Metal Bar Joists and Concrete Reinforcing Bars was 307.40500 Index 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Fabricated Structural Metal Bar Joists and Concrete Reinforcing Bars reached a record high of 378.62500 in January of 2024 and a record low of 27.10000 in March of 1963. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Fabricated Structural Metal Bar Joists and Concrete Reinforcing Bars - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Fabricated Structural Metal Bar Joists and Concrete Reinforcing Bars (WPU1074051) from Jan 1961 to Jun 2025 about cement, fabrication, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The Steel Rebar Market size is expected to reach a valuation of USD 350.0 billion in 2033 growing at a CAGR of 5.00%. The Steel Rebar Market research report classifies market by share, trend, demand, forecast and based on segmentation.

The size of the Steel Rebar Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.74% during the forecast period. Steel rebar, commonly referred to as a reinforcing bar, plays a crucial role in the construction industry by providing reinforcement for concrete structures. While concrete is capable of supporting substantial loads, it exhibits weakness under tensile stress. The incorporation of steel rebar allows concrete to withstand such tensile forces. There are primarily two categories of steel bars: mild steel bars and deformed steel bars. The announcement of new construction projects by the government aimed at enhancing transportation infrastructure, along with a reduction in steel rebar prices, are significant factors driving market growth. Furthermore, the initiation of large-scale projects in developing nations has been contributing positively to market expansion. Additionally, advancements in thermo-mechanical technology aimed at improving steel quality are further supporting market growth. However, challenges such as steel corrosion, high fabrication costs, and fluctuations in raw material prices pose limitations to market development. Recent developments include: February 2022: Nucor Corporation announced that it completed its acquisition of a majority ownership position in California Steel Industries, Inc. (CSI), resulting in CSI becoming a joint venture company owned 51% by Nucor and 49% by JFE Steel. CSI is a flat-rolled steel converter that can produce more than two million tons of finished steel and steel products annually.. Key drivers for this market are: Rapidly Growing Construction Industry in Asia-Pacific Region, Increasing Commercial Construction; Other Drivers. Potential restraints include: Availability of Substitutes for Steel Rebar, Other Restraints. Notable trends are: Growing Demand from the Non-Residential Sector.

The global steel rebar market is anticipated to expand steadily from USD 674.52 million in 2025 to approximately USD 1,073.5 million by 2033, exhibiting a CAGR of 4.16% during the forecast period (2025-2033). The increasing demand for steel rebar in infrastructure, residential, and commercial construction projects is a primary driver of market growth. The growing construction industry in developing economies, coupled with the rising urbanization and population growth, is boosting the demand for steel rebar used in reinforcing concrete structures. Furthermore, the trend toward sustainable construction practices is favoring the adoption of steel rebar as it offers durability, strength, and recyclability. Government initiatives and regulations aimed at enhancing infrastructure development, such as road, bridge, and building construction, are also contributing to the growth of the steel rebar market. Key players in the industry include ArcelorMittal, Nucor, Nippon Steel Corporation, NLMK, Tata Steel, JSW, Shagang Group Inc, Steel Authority of India Limited (SAIL), POSCO, HBIS Group, Gerdau S/A, Commercial Metals Company (CMC), Acerinox S.A, and Daido Steel Co Ltd. Key drivers for this market are: · Availability of effective alternatives to steel rebars· Increased governmental initiatives. Potential restraints include: · High demand for steel rebar in the building & construction industry· Expanding construction sector in emerging economies. Notable trends are: Expanding construction sector in emerging economies will fuel the growth of Steel Rebars market..

Mild Steel Rebar Market Outlook

The global mild steel rebar market size is projected to grow from USD 150 billion in 2023 to USD 210 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.8%. This growth is driven by increasing investments in infrastructure development and the booming construction industry worldwide. As urbanization and industrialization continue to accelerate, especially in emerging economies, the demand for robust and cost-effective construction materials like mild steel rebar is set to rise significantly. Additionally, the growing focus on sustainable construction practices and the adoption of high-strength, long-lasting materials further bolster the market outlook.

One of the primary growth factors for the mild steel rebar market is the expanding construction sector, particularly in developing countries. Rapid urbanization has led to increased residential and commercial construction activities, requiring substantial quantities of rebar for reinforcement. Governments across the globe are also investing heavily in infrastructure projects such as bridges, highways, and public buildings, which in turn generates a heightened demand for durable construction materials. This surge in construction activities directly correlates with the rising need for mild steel rebar, which is essential for enhancing the structural integrity of concrete buildings and infrastructure.

The industrial sector's growth is another significant driver for the mild steel rebar market. As industries expand and new manufacturing plants are established, the requirement for robust construction materials increases. Industrial facilities often require heavy-duty reinforcement to support large-scale operations and machinery, making mild steel rebar a crucial component. Additionally, the shift towards modernization of existing industrial facilities to boost production efficiency and safety further propels the demand for high-quality rebar, contributing to market growth.

Technological advancements in manufacturing processes have also positively impacted the mild steel rebar market. Innovations such as thermomechanical treatment (TMT) and micro-alloying have led to the production of rebar with enhanced strength, ductility, and corrosion resistance. These advancements not only improve the performance of rebar in various applications but also make them more cost-effective in the long run. Furthermore, the integration of digital technologies and automation in production processes has increased manufacturing efficiency, resulting in higher output and better product quality, thereby fueling market expansion.

Steel Reinforced Bars play a pivotal role in modern construction, offering enhanced strength and durability to concrete structures. These bars are integral to ensuring the structural integrity of buildings, bridges, and other infrastructure projects. With the increasing demand for high-performance construction materials, steel reinforced bars have become a staple in the industry. Their ability to withstand significant stress and environmental conditions makes them ideal for use in both residential and commercial projects. Moreover, advancements in manufacturing processes have improved the quality and performance of these bars, making them more cost-effective and reliable. As construction standards continue to evolve, the adoption of steel reinforced bars is expected to rise, further driving market growth.

Regionally, the Asia Pacific region dominates the mild steel rebar market, driven by substantial construction and infrastructure development activities in countries like China, India, and Southeast Asian nations. The region's rapid urbanization, population growth, and government-led infrastructure initiatives create a robust demand for construction materials. North America and Europe also present significant market opportunities due to ongoing renovation and modernization projects, though their growth rates might be slower compared to Asia Pacific. The Middle East & Africa region is also expected to witness considerable growth due to large-scale infrastructure projects and the rising need for residential buildings.

Type Analysis

The mild steel rebar market can be segmented by type into deformed and plain rebar. Deformed rebar, which features surface deformations to improve bonding with concrete, is the most commonly used type in modern construction. Its popularity stems from its superior tensile strength and enhanced bonding capabilities,

Steel Rebar Market Outlook

According to our latest research, the global steel rebar market size reached USD 240.8 billion in 2024, reflecting robust demand from the construction and infrastructure sectors worldwide. The market is expected to grow at a CAGR of 5.1% from 2025 to 2033, with the forecasted market size projected to reach USD 377.2 billion by 2033. This sustained growth is primarily driven by increasing urbanization, infrastructure modernization, and expanding construction activities across both developing and developed economies.

One of the primary growth factors propelling the steel rebar market is the acceleration of infrastructure projects globally. Governments are investing heavily in transportation networks, urban infrastructure, and energy projects, especially in emerging economies such as India, China, and countries in Southeast Asia. These investments are creating a surge in demand for steel rebar, which is a critical material in reinforcing concrete structures and ensuring the durability and safety of bridges, roads, tunnels, and public buildings. Furthermore, the ongoing renewal and maintenance of aging infrastructure in developed regions such as North America and Europe are also fueling market expansion, as steel rebar is essential for retrofitting and strengthening existing structures to meet modern safety standards.

Another significant driver for the steel rebar market is the rapid urbanization and population growth witnessed in many parts of the world. As urban populations swell, the demand for residential, commercial, and industrial buildings rises correspondingly. Steel rebar’s superior tensile strength and flexibility make it indispensable in modern construction practices, particularly in earthquake-prone and high-load-bearing applications. Additionally, the trend towards high-rise construction and smart cities is further amplifying the need for advanced rebar products, including those with specialized coatings for enhanced corrosion resistance. The proliferation of green building initiatives and sustainable construction practices also encourages the adoption of high-quality steel rebar, as it supports the creation of long-lasting, energy-efficient structures.

Technological advancements in steel manufacturing processes and the development of innovative rebar products are also contributing to the market’s growth. The adoption of electric arc furnace (EAF) technology, which enables the use of recycled steel scrap, is gaining traction due to its environmental and cost benefits. This shift is not only reducing the carbon footprint of steel production but also making steel rebar more accessible and affordable. Moreover, the introduction of coated and high-strength rebar variants is catering to the specific needs of various end-use industries, such as oil and gas, where resistance to harsh environments is crucial. These innovations are enhancing the value proposition of steel rebar, thereby widening its application scope and boosting market demand.

From a regional perspective, Asia Pacific continues to dominate the steel rebar market, accounting for over 55% of global consumption in 2024. This dominance is attributed to the region’s rapid industrialization, urban expansion, and ambitious infrastructure development programs, particularly in China and India. North America and Europe also represent significant markets, driven by infrastructure rehabilitation efforts and the adoption of advanced construction technologies. Meanwhile, the Middle East & Africa region is witnessing steady growth due to large-scale infrastructure investments and urban development projects, especially in the Gulf Cooperation Council (GCC) countries. Latin America, though smaller in comparison, is experiencing moderate growth, supported by government initiatives to modernize transport and energy infrastructure.

Type Analysis

The steel rebar market is segmented by type into deformed and mild steel rebar, each serving distinct applications and offering unique advan