Steel rose to 3,050 CNY/T on July 3, 2025, up 0.66% from the previous day. Over the past month, Steel's price has risen 2.94%, but it is still 10.53% 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 July of 2025.

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.

Why did the Steel Rebar Price Change in May 2025? 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.

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).

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.

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).

China Settlement Price: Shanghai Future Exchange: Steel Rebar: 2nd M data was reported at 3,044.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,112.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Steel Rebar: 2nd M data is updated monthly, averaging 3,760.000 RMB/Ton from Mar 2009 (Median) to Apr 2025, with 194 observations. The data reached an all-time high of 5,835.000 RMB/Ton in Sep 2021 and a record low of 1,687.000 RMB/Ton in Nov 2015. China Settlement Price: Shanghai Future Exchange: Steel Rebar: 2nd M data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.

From May to August 2018, rebar products cost 710 U.S. dollars per short ton. Rebar, which is short for reinforcing bar, is used to reinforce concrete or other aspects of masonry in order to provide tensile strength to large structures.

Explore the factors influencing steel rebar prices in China, including raw material costs, government regulations, construction demand, and global market dynamics. Understand how seasonal trends, economic policies, tariffs, and currency exchange rates contribute to price fluctuations. Stay informed with real-time financial news for the latest updates on market conditions.

Major US steelmakers hike rebar prices by $60 per ton amid market fluctuations and demand changes.

The average monthly price for all diameters of rebar (reinforcing bar) iron in Egypt amounted to 10.05 thousand Egyptian pounds per metric ton (which is comparable to 638.66 U.S. dollars per metric ton) in August 2020, which illustrated a drop by roughly 3.5 percent. Between January 2019 and August 2020, the mean price fluctuated between 10.05 thousand Egyptian pounds per metric ton in August 2020, and 12.35 thousand Egyptian pounds per metric ton (784.63 U.S. dollars per ton) from July to September 2019. Within the period under investigation, an overall negative trend can be recognized in the data.

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.

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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

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,

The global steel merchant and rebar market is experiencing robust growth, driven by the burgeoning construction and infrastructure sectors worldwide. While precise market size figures for 2025 are unavailable, considering a plausible CAGR of 5% (a conservative estimate given global infrastructure projects and industrial expansion), and assuming a 2024 market size of $200 billion (a reasonable approximation based on industry reports), the 2025 market size is estimated at approximately $210 billion. This signifies a substantial market opportunity, projected to further expand with a continued CAGR of around 4-5% until 2033. Key drivers include increasing urbanization, government investments in infrastructure development (roads, bridges, buildings), and the growth of industrial manufacturing necessitating robust steel supply chains. The market is segmented by type (rebar and merchant bars) and application (construction, infrastructure, industrial), offering various avenues for growth depending on regional economic conditions and infrastructure projects. Growth is not uniform across regions. North America and Asia-Pacific, particularly China and India, are expected to dominate the market due to substantial ongoing infrastructure projects and robust construction activity. Europe and the Middle East & Africa are also anticipated to witness significant growth, albeit at potentially slower rates compared to Asia-Pacific due to varying economic conditions and levels of investment in infrastructure. However, restraining factors include fluctuating steel prices due to raw material costs and global economic uncertainties. Furthermore, the increasing focus on sustainable construction practices and the potential for the adoption of alternative materials could pose challenges in the long term. Major players like Gerdau S.A., Nucor, and ArcelorMittal are strategically positioning themselves through acquisitions, capacity expansions, and technological advancements to capitalize on market opportunities and mitigate potential risks.

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 May 2025 about cement, fabrication, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The global steel rebar market, valued at $148,720 million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 7.2% from 2025 to 2033. This expansion is fueled by the burgeoning construction industry, particularly in developing economies experiencing rapid urbanization and infrastructure development. Increased government spending on infrastructure projects, including roads, bridges, and buildings, significantly contributes to the rising demand for steel rebars. Furthermore, the growing adoption of sustainable construction practices, although presenting challenges related to material sourcing and cost, is expected to indirectly boost the market as these practices often rely on high-quality steel reinforcements. While rising raw material prices and fluctuations in steel production pose potential restraints, technological advancements in steel production and the development of high-strength, corrosion-resistant rebars are mitigating these factors and driving innovation within the sector. Major players such as ArcelorMittal, Hebei Iron and Steel, and Baowu Group, alongside regional leaders like Tata Steel and Celsa Steel, are strategically positioned to capitalize on these market trends through expansion, mergers, and acquisitions, and technological innovation. The competitive landscape is characterized by a mix of large multinational corporations and regional players. These companies are continuously striving for efficiency improvements and cost reductions to maintain profitability in a fluctuating market. The forecast period of 2025-2033 anticipates significant regional variations in growth rates, with developing markets likely outpacing mature economies. This variance stems from the diverse levels of infrastructure development and economic growth across different regions. Moreover, government policies promoting sustainable construction and infrastructure investment will play a significant role in shaping the market trajectory over the coming years. The ongoing focus on improving the safety and durability of construction projects will continue to fuel demand for high-quality, reliable steel rebars.

In 2023, the price of 16 to 32mm steel reinforcement bars in Singapore was at approximately 879.62 Singapore dollars per metric ton. This was a decrease from its market price in the previous year.

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 May 2025 about steel, metals, buildings, production, commodities, PPI, price index, indexes, price, and USA.

China Settlement Price: Shanghai Future Exchange: Steel Rebar: 4th M data was reported at 3,085.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,185.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Steel Rebar: 4th M data is updated monthly, averaging 3,713.000 RMB/Ton from Mar 2009 (Median) to Apr 2025, with 194 observations. The data reached an all-time high of 5,853.000 RMB/Ton in Sep 2021 and a record low of 1,607.000 RMB/Ton in Nov 2015. China Settlement Price: Shanghai Future Exchange: Steel Rebar: 4th M data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.