Global Steel Rebar Market Shows Mixed Trends: Prices Rise in U.S. and Germany, While China Faces Decline

By the week ending October 25^th, the global Steel Rebar market reflected mixed sentiments. Prices edged up slightly in the USA and Germany, driven by market fluctuations. Meanwhile in China, Steel Rebar prices declined due to low demand from the downstream sector.

The prices of Steel Rebar in USA slightly increase.  Additionally, supply dynamics in the U.S. rebar market have been impacted by adjustments from overseas suppliers, whose price expectations have shifted upward. Smaller shipments went to the Dominican Republic and the Bahamas.  Moreover, domestic demand for Steel Rebar in the U.S. has been steady, driven by resilient construction activities, which have provided underlying support to prices. The recent price increase reflects the influence of heightened expectations from overseas suppliers, though overall export demand remains weaker. Although local demand remains healthy, the U.S. rebar market may face pressure if export demand fails to rebound, leaving suppliers reliant on domestic buyers to sustain recent price gains.

The Germany prices of Steel Rebar slightly increase due to market fluctuation. The supply side in Germany’s Steel Rebar market has shown resilience despite domestic demand challenges. Polish imports of German rebar surged, as Polish buyers capitalized on Germany’s available stock. Additionally, German mills, facing declining sales in their local market, increased sales activity in Poland, whose market remains relatively optimistic, buoyed by construction projects under the National Recovery Fund. Meanwhile, October saw a decline in German scrap prices, albeit less severe than anticipated, which contributed to some stabilization in supply costs for German mills. Moreover, demand within Germany’s rebar market has been stable, mainly due to construction industry, which has led to a downturn in domestic rebar sales.

The China Steel Rebar market experienced a slight decrease in prices. Additionally, demand for Steel Rebar in China remains sluggish, heavily impacted by weak procurement from terminal sectors and adverse weather conditions, which reduced construction and manufacturing activities. Furthermore, the introduction of new national standards also created uncertainty in the market, with buyers cautious about purchasing. Moreover, social inventory adjustments indicate an easing in demand, as buyers hold off on new orders. Moreover, concerns about a potential global recession have dampened market sentiment, making downstream sectors hesitant to restock Steel Rebar at previous volumes.

According to ChemAnalyst, the Steel Rebar market in the US and Germany is poised for continued growth, bolstered by significant investments in domestic steel production. Meanwhile, China is expected to experience stable prices, indicating steady market conditions.