For the Quarter Ending December 2025
North America
• In the USA, the Steel Rebar Price Index rose by 7.04% quarter-over-quarter, driven by tariff protections.
• The average Steel Rebar price for the quarter was approximately USD 1003.67/MT per CFR Illinois data.
• Steel Rebar Spot Price remained range-bound in December as inventories balanced and import flows stayed constrained.
• Steel Rebar Price Forecast suggests modest upside driven by continued public infrastructure demand and forward buying.
• Steel Rebar Production Cost Trend showed steady scrap and low gas prices, limiting immediate cost-push pressure.
• Steel Rebar Demand Outlook remains mixed; robust public-sector consumption contrasts with softer private commercial construction activity.
• Steel Rebar Price Index stability reflected mill lists, constrained imports, and steady distributor inventory levels.
• Domestic mills held allocations with varied utilisation, supporting domestic offtake and limiting export-driven price weakness.
Why did the price of Steel Rebar change in December 2025 in North America?
• Reduced imports under Section 232 and tight scrap availability constrained supply, supporting higher domestic transactions.
• Public infrastructure awards boosted offtake, offsetting private construction weakness and supporting steady domestic demand levels.
• Tariff protections and stable freight maintained landed price floors while scrap steadiness limited cost increases.
APAC
• In Taiwan, the Steel Rebar Price Index fell by 17.0% quarter-over-quarter, reflecting subdued construction demand.
• The average Steel Rebar price for the quarter was approximately USD 585.67/MT, per market assessments.
• Steel Rebar Spot Price remained stable weekly, with elevated inventories limiting dealer restocking and volumes.
• Steel Rebar Price Forecast projects mild recovery after Lunar New Year as contractors refill stocks.
• Steel Rebar Production Cost Trend eased slightly as imported scrap prices softened, supporting mill margins.
• Steel Rebar Demand Outlook remains muted near term due to year-end lull and public disbursement.
• Steel Rebar Price Index volatility reflected billet weakness, export competition and elevated finished goods inventories.
• Major mills kept flat list prices, moderating market moves despite spot weakness and export headwinds.
Why did the price of Steel Rebar change in December 2025 in APAC?
• Persisting oversupply as mills operated near normal rates while inventories and scrap inflows stayed elevated.
• Year-end fiscal close and phased project activity reduced immediate procurement, depressing spot transactions and demand.
• Regional billet competition and weak export orders pressured offers, offsetting modest easing in input costs.
Europe
• In Germany, the Steel Rebar Price Index fell by 9.15% quarter-over-quarter, reflecting weak construction demand.
• The average Steel Rebar price for the quarter was approximately USD 754.67/MT, reflecting muted domestic activity.
• Steel Rebar Spot Price exhibited modest week-to-week volatility while the Price Index nevertheless tracked a downward trend.
• Steel Rebar Production Cost Trend showed upward pressure from rising electricity, gas and EU-ETS costs, narrowing mill margins.
• Steel Rebar Demand Outlook remains weak overall, though public infrastructure projects provide some demand support into year-end.
• Steel Rebar Price Forecast anticipates limited near-term gains as quota changes and end-of-year buying slightly tighten supplies.
• Steel Rebar Price Index weakness reflected high inventories, competitive imports, and distributors' destocking across German service centres.
• Major mills ran around 75% utilization; logistical rail disruptions and freight surcharges increased delivered costs, supporting spot availability constraints.
Why did the price of Steel Rebar change in December 2025 in Europe?
• Tightened domestic supply and elevated feedstock costs pushed delivered prices up, despite overall weak construction demand.
• Rail and barge disruptions raised freight surcharges while high electricity and gas prices inflated manufacturing cost bases.
• Import quota uncertainty and safeguard measures prompted anticipatory buying and altered import flows, tightening marginal landed supply.
For the Quarter Ending September 2025
North America
• In USA, the Steel Rebar Price Index rose by 6.47% quarter-over-quarter, Q3 2025, tariff support.
• The average Steel Rebar price for the quarter was approximately USD 937.67/MT, reflecting inventory dynamics.
• Steel Rebar Spot Price showed stability while 12-week averages climbed due to scrap cost pressure.
• Steel Rebar Price Forecast signals modest upside as tariffs and infrastructure demand support mill pricing.
• Steel Rebar Production Cost Trend reflects higher scrap and metallic inputs increasing production breakeven costs.
• Steel Rebar Demand Outlook remains cautious as infrastructure orders offset weak commercial, residential construction activity.
• Steel Rebar Price Index gains were reinforced by low service center inventories and fabricator procurement.
• New long product capacity and import parity create headwinds, though trade remedies limit import competition.
• Near term trading rangebound, with potential firming if scrap costs or import barriers materially tighten.
Why did the price of Steel Rebar change in September 2025 in North America?
• Tariff increases and antidumping rulings raised import parity, supporting domestic mill offers, preventing price erosion.
• Rising scrap and metallic input costs increased production breakevens, exerting upward pressure on transaction prices.
• Balanced mill utilisation and muted private construction demand constrained upside despite policy driven supply limitations.
APAC
• In Taiwan, the Steel Rebar Price Index fell by 6.29% quarter-over-quarter, reflecting weak construction demand.
• The average Steel Rebar price for the quarter was approximately USD 705.67/MT, reflecting sales volumes.
• Steel Rebar Spot Price eased as ample scrap inflows and mill runs pressured domestic offers.
• The Steel Rebar Price Forecast anticipates modest upside later this quarter driven by public infrastructure-procurement.
• Steel Rebar Production Cost Trend saw upward pressure from firmer imported scrap and billet costs.
• Steel Rebar Demand Outlook remains weak as construction-slowdowns and tender delays curb purchasing-activity overall.
• The Steel Rebar Price Index reflected inventory-builds and softer export-enquiries, amplifying pricing momentum across markets.
• Major mills ran without outages, while provisional anti-dumping measures and regional billet competition pressured margins.
Why did the price of Steel Rebar change in September 2025 in APAC?
• Weak construction offtake and tender delays reduced domestic demand and distributor restocking, applying sustained downward pressure.
• Abundant scrap and billet inflows kept feedstock-available, reducing cost-push support for domestic price levels thereby.
• Regional billet competition and provisional duties diverted exports, depressing mill margins and weakening price-resilience further.
Europe
• In Germany, the Steel Rebar Price Index fell by 4.78% quarter-over-quarter, reflecting bearish construction demand.
• The average Steel Rebar price for the quarter was approximately USD 771.00/MT, per weekly FD-Ruhr.
• Service-centre and mill inventories remained elevated, pressuring the Steel Rebar Spot Price and limiting bids.
• Imports and quota resets increased landed volumes, weakening domestic offers and Steel Rebar Price Index.
• Energy tariffs and scrap movements influenced the Steel Rebar Production Cost Trend, squeezing mill margins.
• Civil-engineering and public works underpinned demand in the Steel Rebar Demand Outlook, despite weak housing.
• Short-term Steel Rebar Price Forecast shows limited upside, reliant on post-holiday restocking and fiscal support.
• Stock cover prompted distributors to draw inventories, amplifying downside risks for Steel Rebar Price Index
Why did the price of Steel Rebar change in September 2025 in Europe?
• Elevated inventories and weak construction demand reduced downstream buying, exerting downward pressure on spot levels.
• Competitive imports plus quota resets increased supply, undermining domestic offers despite unchanged mill utilisation levels.
• Lower scrap costs and stable energy limited cost-push inflation, allowing distributors to continue destocking practices.
For the Quarter Ending June 2025
North America
• 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.
• Steel Rebar Production Cost Trend: Raw material and freight costs eased modestly—scrap and coke inputs declined slightly, and logistic pressures softened in late Q2—providing some relief to producers, though not enough to offset price stability concerns.
• At the start of the quarter, the Steel Rebar Price Index was supported by rebound in domestic production and renewed competition from imports (especially South Korea) due to low antidumping margins, increasing availability and pressuring prices.
• By mid quarter, domestic raw steel output rose (capacity utilization nearing 76–79%), while import competition intensified, widening the supply and demand gap and further dragging down rebar prices, especially in Illinois markets.
• By the end of the quarter, elevated inventories and cautious buying behavior kept downward pressure on the Price Index, with weekly spot prices in Illinois falling steadily through late May and June into the low to mid USD 850 900/MT range.
• Steel Rebar Demand Outlook: Construction sector demand weakened throughout the quarter, with many developers delaying or scaling back projects; Nucor’s drastically reduced earnings in Q1 2025 signal subdued market conditions and ordering hesitancy.
• Why did the Steel Rebar price change in July 2025 in North America?
• In July 2025, U.S. rebar producers including Nucor Bar Group, Gerdau Long Steel North America and Deacero/Mid Continent implemented price increases of about USD 60/ton (roughly 8.5%) effective mid July, pushing Steel Rebar Price Index upward as buyers accelerated purchasing amid anticipation of sustained supply constraints and higher tariffs
APAC
• Steel Rebar Price Index in APAC declined by about 1% quarter on quarter compared to Q1 2025, reflecting ongoing oversupply and softer demand dynamics.
• Steel Rebar Production Cost Trend: Input costs especially scrap and pig iron remained elevated into the start and mid quarter, squeezing producer margins. However, slight easing in logistics costs toward the end of the quarter provided limited relief.
• Demand was modestly improving due to seasonal construction and infrastructure activity, particularly seen in Taiwan where shipment growth in MONTH on month led to cautious optimism. But demand remained muted in China and other economies, keeping overall uptake subdued.
• Manufacturing & Supply Dynamics: At the start of the quarter, Taiwanese mills such as United Steel Corp. raised rebar prices for a second consecutive period due to cost pressures, even as Chinese imports weighed on domestic supply later in the quarter. Inventory levels remained elevated in major APAC producing centres.
• Steel Rebar Price Forecast: With persistent surplus and sluggish off take in key markets, prices are expected to remain soft into the medium term unless government stimulus or export demand picks up significantly.
• Why did the price of Steel Rebar change in July 2025 in Asia?
• In July 2025, the Steel Rebar Price Index rose modestly compared to Q2 levels. Early July data from China showed domestic rebar prices increasing in the first ten days, signaling tighter conditions in Chinese domestic markets. Globally, steel futures settled slightly up from June averages, representing a small uptick ≈ +0.7% seen on July 18 and 25. Contributing factors included renewed buying activity ahead of expected production cuts in coke and coking coal, which spurred cost pressures and supported prices in Asia.
Europe
• The Steel Rebar Price Index in Europe declined by approximately 7.3% in Q2 2025 compared to Q1, reflecting a weakening market.
• Steel Rebar Production Cost Trend remained relatively stable; declining scrap prices and logistical improvements provided slight relief, yet oversupply and trade competitiveness continued to pressure cost recovery.
• Steel Rebar Demand Outlook softened throughout the quarter, particularly in private construction sectors across Germany, Italy and France, as activity slowed due to seasonal weakness, excess inventories and subdued investor sentiment.
• Supply-side dynamics in the region showed heightened pressure from cheaper imports (notably from Turkey, Algeria and Egypt), and maintained high availability of domestic output, further contributing to downward momentum.
• By the end of the quarter, excess stock levels, persistent low demand and holiday season lull kept downward pressure on the Steel Rebar Price Index.
• Steel Rebar Price Forecast for the medium term suggests prices are likely to remain subdued unless summer draws down inventories or demand from infrastructure projects picks up—no immediate rebound is expected.
• Why did the price change in July 2025 in Europe?
• In early to mid July 2025, European steel rebar prices edged slightly lower as demand dwindled further into the summer holiday period. Weak purchasing sentiment, export competition, stable or rising availability and minimal urgency from buyers all constrained upward moves.
For the Quarter Ending March 2025
North America
• 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.
• Why did the price of Steel Rebar change in April 2025?
Steel Rebar Prices increased in early April 2025 due to consistent supply chain disruptions and stronger demand from industrial and construction sectors.
• Steel Rebar Spot Price increases were supported by limited imports, port congestion, and import restrictions, all contributing to constrained supply across the region.
• The Steel Rebar Production Cost Trend saw an upward push due to logistical inefficiencies and rising freight rates, compounding supply-side challenges.
• Domestic demand from manufacturing and infrastructure development showed strength, positively shaping the Steel Rebar Demand Outlook for the region.
• The USA reported the sharpest price escalation in Q1, reinforcing strong regional demand coupled with supply limitations.
• The Steel Rebar Price Forecast for Q2 2025 suggests that prices may remain elevated if import restrictions persist and infrastructure projects gain further momentum.
Europe
• The Steel Rebar Price Index in Europe (Germany) reached USD 873/MT FD-Ruhr by the end of Q1 2025, up 4.3% quarter-on-quarter, maintaining a firm upward trajectory.
• Why did the price of Steel Rebar change in April 2025?
Prices of Steel Rebar increased in early April 2025 as a result of continued operational disruptions, elevated freight costs, and new environmental regulations impacting producers.
• The Steel Rebar Spot Price rose amid constrained product availability due to port congestion, equipment shortages, and long shipping routes.
• The Steel Rebar Production Cost Trend moved upward due to compliance with the EU Emissions Trading System, adding further financial strain on manufacturers.
• Demand stayed moderate, but tight supply provided significant support to the Steel Rebar Demand Outlook, particularly in construction-heavy economies like Germany.
• Plant-level issues and regional infrastructure commitments continue to influence pricing positively.
• The Steel Rebar Price Forecast suggests further increases are likely in Q2 if current supply bottlenecks and regulatory costs remain persistent.
Asia-Pacific (APAC)
• The Steel Rebar Price Index in APAC concluded Q1 2025 at USD 458/MT Ex Shanghai for HRB400 – 8 mm, reflecting a 2.3% drop compared to the previous quarter.
• Why did the price of Steel Rebar change in April 2025?
Prices of Steel Rebar decreased entering April 2025 in Asia due to oversupply, slower demand recovery, and weak construction sector performance in key markets like China.
• The Steel Rebar Spot Price was weighed down by sluggish off-take in domestic and international markets, with China dominating the region’s pricing trajectory.
• Despite rising energy and raw material costs, the Steel Rebar Production Cost Trend was overshadowed by falling market prices due to surplus inventory.
• The Steel Rebar Demand Outlook remains bearish, as ongoing economic uncertainties and stagnating real estate sectors continue to undermine consumption.
• Persistent oversupply and insufficient stimulus for infrastructure weighed down market confidence throughout Q1.
• The Steel Rebar Price Forecast for Q2 2025 remains soft unless government intervention or export-driven recovery is initiated.
