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.

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

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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.

The market is experiencing significant growth due to several key factors. The increasing demand for steel, driven by infrastructure development and construction projects, is a major growth driver. Additionally, the rising demand for seismic resistance in buildings and structures is leading to increased usage of TMT steel bars. However, fluctuating raw material costs pose a challenge to market growth. Producers must carefully manage their costs to maintain profitability. The market is expected to continue its growth trajectory, driven by these trends and challenges. TMT steel bars offer superior strength and durability, making them an essential component in various industries. As the demand for infrastructure development and construction projects continues to rise, the market for TMT steel bars is poised for steady growth.

What will be the Size of the TMT Steel Bar Market During the Forecast Period?

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The TMT (Thermomechanically Treated) steel bar market in the United States is experiencing significant growth due to the increasing demand for infrastructure development. TMT steel bars, available in various sizes such as 68 mm, 812 mm, and 12 mm, are increasingly being used in heavy industry applications, including torsional bars, low-cost reinforcement bars for residential and commercial construction, and concrete structures for buildings and industrial structures. The mechanical qualities of TMT steel bars, including their superior torsional strength, corrosion resistance, and earthquake resistance, make them a preferred choice for construction projects. These bars are also ductile and fatigue-resistant, ensuring a super-strong structure that can withstand heavy loads.



Heat treatment techniques such as rapid cooling are used to enhance the mechanical properties of TMT steel bars, making them ideal for use in infrastructure applications. The construction sector, particularly in the areas of hydropower plants and industrial structures, is a major consumer of TMT steel bars and other construction materials due to its ability to provide a reliable and durable solution. Water jet technology is used in the production of TMT steel bars, ensuring consistent and precise dimensions, while adhering to industry standards. The growing demand for earthquake-resistant and corrosion-resistant structures is expected to further drive the growth of the market in the United States.

How is this TMT Steel Bar Industry segmented and which is the largest segment?

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


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  Middle East and Africa



  South America

By End-user Insights

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

TMT (Thermo-Mechanically Treated) steel bars are a preferred choice in the construction sector due to their superior mechanical qualities and corrosion resistance. These bars are widely used in urban areas for the construction of residential buildings and concrete structures. The use of TMT bars offers several advantages, including high tensile strength, excellent ductility, and a superior strength-to-weight ratio. These properties ensure the structural integrity and safety of buildings, bridges, dams, and other infrastructure. TMT bars can deform without breaking during seismic events, making them essential for earthquake resistance. The heat treatment process, which involves rapid cooling, enhances the steel's mechanical properties.

TMT bars are available in various grades to cater to different applications and load requirements. Producers use advanced technologies to ensure consistent quality and meet industry standards. The use of TMT bars is expected to continue growing due to their proven performance and durability.

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The residential segment was valued at USD 164.10 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 77% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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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.

The cost of the USA thermo mechanically treated bar (TMT bar) for Q4 2023 reached 2,743 USD/MT in December. In the country, TMT bar prices initially rose due to supply shortages but quickly reversed. As stock levels surged, traders began heavy discounting to offload inventory, yet this strategy failed to arrest the declining price trend, reflecting broader market challenges.

Explore IMARC’s newly published report, titled “Thermo Mechanically Treated Bar (TMT Bar) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of thermo mechanically treated bar (TMT bar) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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

TMT Steel Bar Market Outlook

The global TMT steel bar market size was valued at approximately USD 9.8 billion in 2023 and is expected to reach USD 16.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2024 to 2032. The growth of this market is primarily driven by the increasing demand for construction activities worldwide, which necessitates robust and durable materials like TMT steel bars. These bars are crucial in modern construction due to their resilience, ductility, and high strength-to-weight ratio, making them ideal for building stable and long-lasting structures.

One significant growth factor for the TMT steel bar market is the rapid urbanization and industrialization experienced globally, particularly in emerging economies. As urban centers expand and require more residential and commercial infrastructure, the demand for high-quality construction materials like TMT steel bars increases. The construction sector's boom in countries such as India and China is a testament to this, with governments investing heavily in infrastructure development projects. Additionally, technological advancements in the manufacturing processes of TMT steel bars have led to more efficient and cost-effective production methods, further boosting market growth.

The increasing awareness regarding the benefits of using TMT steel bars over conventional steel is another factor propelling market expansion. TMT bars offer superior ductility, higher thermal resistance, and are more corrosion-resistant, which enhances the longevity and safety of the structures they are used in. These characteristics are particularly important in regions prone to seismic activity, as TMT steel bars can significantly improve the earthquake resistance of buildings. In addition, the growing trend towards sustainable and environmentally friendly construction practices is encouraging the use of TMT steel bars, as they are recyclable and support the reduction of carbon footprint.

Moreover, government policies and initiatives promoting infrastructure development are also fueling the growth of the TMT steel bar market. Many countries are investing in large-scale infrastructure projects, such as bridges, highways, and public transportation systems, which require substantial quantities of TMT steel bars. For instance, initiatives like the Belt and Road Initiative by China and the “Smart Cities” mission in India are expected to generate significant demand for construction materials, thereby positively impacting the TMT steel bar market.

Regionally, the Asia Pacific region holds the lion's share of the TMT steel bar market owing to its burgeoning construction industry and economic growth. Countries like China and India are spearheading this regional dominance, with substantial investments in housing, transportation, and infrastructure projects. Additionally, North America and Europe are expected to witness steady growth due to renovation and retrofitting activities in developed countries. Meanwhile, the Middle East & Africa and Latin America are emerging as potential markets due to their increasing focus on industrialization and infrastructure development.

Type Analysis

The TMT steel bar market is segmented by type into Fe 415, Fe 500, Fe 550, Fe 600, and others, each with distinct characteristics that cater to various construction needs. Fe 415 TMT bars are known for their balanced strength and ductility, making them a preferred choice for small-scale residential buildings. They provide adequate reinforcement for structures that do not require the heavy-duty strength offered by higher-grade TMT bars. Their affordability and availability make them popular in emerging market regions where cost considerations are crucial.

Fe 500 TMT bars are the most common type used in construction projects due to their superior strength and flexibility. These bars are ideal for large-scale construction projects, including commercial and infrastructural developments like bridges and highways. The versatility of Fe 500 bars makes them suitable for regions prone to seismic activities, ensuring that buildings can withstand substantial ground movement. As a result, Fe 500 TMT bars are in high demand in geologically active regions across Asia Pacific and Latin America.

Fe 550 and Fe 600 TMT bars represent the higher strength variants in the TMT steel bar market. These bars are particularly used in heavy industrial applications and mega infrastructure projects where maximum load-bearing capacity is required. Their high tensile s

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.

In the fourth quarter of 2023, the price of the flat steel in the USA reached 3479 USD/MT by December. Similarly, in China, the flat steel prices hit 1858 USD/MT in the same month. The Germany also saw flat steel prices reaching 3125 USD/MT during Q4 2023.

Explore IMARC’s newly published report, titled “Flat Steel Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of flat steel pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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.

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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.

The global Thermo-Mechanically Treated (TMT) bars market is experiencing robust growth, driven by the burgeoning construction sector, particularly in developing economies. Increased urbanization and infrastructure development projects are fueling significant demand for high-strength, durable steel reinforcement, a key application of TMT bars. Technological advancements leading to improved TMT bar production methods and enhanced material properties are further contributing to market expansion. The market is segmented based on various factors, including bar diameter, grade, and application. While precise figures for market size and CAGR are unavailable, based on industry reports and observed trends in construction activity, we can infer a substantial market size (estimated at $50 billion in 2025) with a healthy compound annual growth rate (CAGR) of approximately 6-8% from 2025-2033. This growth is expected to be relatively consistent across major regions, with developing economies exhibiting stronger growth rates due to rapid infrastructure development. Key players such as ArcelorMittal Zenica, Essar Steel, and TATA Steel are actively competing in this market, continually investing in capacity expansion and technological upgrades to maintain market share. However, several factors could potentially restrain market growth. Fluctuations in raw material prices (iron ore, scrap steel) directly impact production costs and profitability. Government regulations aimed at reducing carbon emissions in the steel industry might necessitate substantial investments in cleaner production technologies, potentially impacting market dynamics. Furthermore, competition from substitute materials, such as fiber-reinforced polymers, and the cyclical nature of the construction industry itself could influence the overall market trajectory. Despite these potential challenges, the long-term outlook for the TMT bar market remains positive, driven by persistent growth in infrastructure development and ongoing urbanization worldwide. The market is expected to witness continuous innovation and consolidation, with larger players potentially acquiring smaller firms to expand their market reach and optimize production.

Structural steel (FOB India) prices fell YoY in late 2023. From Oct ($598) to Dec ($515), consistent ~11-12% monthly drops were observed.

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 Jun 2025 about finished, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

After two years of growth, the Indian market for hot-rolled bars of high speed steel decreased by -3.3% to $7B in 2024. In general, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +3.9% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +11.9% against 2020 indices.

The TMT steel bar market, valued at $370.36 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 4.26% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the burgeoning global construction industry, particularly in developing economies experiencing rapid urbanization and infrastructure development, significantly boosts demand. Residential construction, encompassing both individual homes and large-scale apartment complexes, remains a major consumer. Commercial construction, including office buildings, shopping malls, and industrial spaces, further contributes to market growth. Infrastructure projects, such as bridges, roads, and railways, represent a substantial and consistent source of demand. Technological advancements in steel manufacturing, leading to higher-strength, more durable, and cost-effective TMT bars, also contribute to market expansion. Furthermore, government initiatives promoting sustainable construction practices and infrastructure development in many regions globally act as a positive catalyst. However, certain restraints influence market growth. Fluctuations in raw material prices, particularly iron ore and scrap steel, impact production costs and profitability. Economic downturns can lead to decreased construction activity, impacting demand. Environmental regulations related to steel production and waste management also present challenges. Competitive pressures among numerous manufacturers further shape market dynamics. Despite these challenges, the overall long-term outlook for the TMT steel bar market remains positive, with sustained growth projected throughout the forecast period, driven by the ongoing need for robust and reliable construction materials in a globally expanding built environment. The market segmentation by end-user (residential, commercial, infrastructure) allows for targeted investment and strategic market penetration. Key players in the market, such as Tata Steel and ArcelorMittal, leverage their established brand recognition and global presence to maintain a competitive edge. Regional variations in construction activity will continue to shape market dynamics, with developing economies expected to show stronger growth than mature markets.

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

During the last quarter of 2024, the stainless steel plate prices in the USA reached 3785 USD/MT in December. As per the stainless steel plate price chart, the availability of nickel and chromium determined market trends, and changes in feedstock costs affected the pricing. Dynamics were also influenced by domestic production levels and international trade regulations. Although steady supply circumstances occasionally helped keep costs under control, mill output changes and industrial demand occasionally caused instability.

Explore IMARC’s newly published report, titled “Stainless Steel Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of stainless steel plate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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