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July 24th, 2024

Steel Rebar Prices Trend | Pricing | Database | Index | News | Chart

North America

In Q1 2024, the North American Steel Rebar market experienced a stable pricing environment. Several factors contributed to this stability. Firstly, the overall demand for Steel Rebar remained steady, driven by consistent performance in downstream industries such as construction and infrastructure development. This steady demand ensured that consumption levels did not fluctuate significantly. Additionally, the availability of raw materials like iron ore and steel scrap remained sufficient, maintaining a balanced supply in the market.

In the United States, the pricing trend remained stable throughout the quarter. Seasonal factors, such as winter weather conditions, had a minimal impact on market dynamics. The relationship between price changes and other market variables, such as demand and production capacity, was moderate.

In conclusion, the stable pricing environment for Steel Rebar in Q1 2024 in North America, and specifically in the United States, indicates a positive market sentiment. Consistent demand and supply balance, along with a moderate correlation between price changes and market variables, contributed to overall stability in Steel Rebar prices. The quarter-ending price for Steel Rebar (8 mm) CFR Illinois in the USA stood at USD 870/MT.

Get Real Time Prices for Steel Rebar: https://www.chemanalyst.com/Pricing-data/steel-rebar-1441

APAC

The first quarter of 2024 was challenging for the Steel Rebar market in the APAC region, with prices facing a significant decline. Several factors influenced market prices, including oversupply, reduced demand from downstream industries, and disruptions in global trade routes. These factors created a negative pricing environment, leading to a decrease in Steel Rebar prices. Steel Rebar consumers reduced their buying activities, anticipating further price declines due to uncertain demand. Market participants are carefully evaluating prospects.

Export prices for Chinese Steel Rebar fell due to reduced raw material expenses, alleviating production pressures on local steel mills. This resulted in a general downward trend in both raw material and finished steel product prices, driven by excess production compared to demand growth. The slow rebound in domestic demand for Steel Rebar, possibly influenced by a sluggish real estate sector, contributed to this pattern. Despite heightened steel production due to lower costs, international trading remains subdued as buyers are reluctant to make bids or offer excessively low prices.

Compared to the same quarter last year, prices have declined by 23%, indicating a long-term negative sentiment in the market. The quarter-ending price for Steel Rebar (HRB400 - 8 mm) Ex Shanghai in China stands at USD 481/MT, reflecting the current decreasing pricing environment.

Europe

The first quarter of 2024 was characterized by decreasing prices in the European Steel Rebar market. Several factors influenced market prices, including subdued demand, reduced inventory levels, and disruptions in trade routes. These factors created a bearish sentiment in the market, leading to lower prices. The latest quarter-ending price for Steel Rebar in Germany is USD 820/MT FD-Ruhr, reflecting the overall decreasing trend in prices throughout the quarter.

The prevailing sentiment across European Steel Rebar markets remained pessimistic concerning both short- and long-term demand and pricing trajectories, with demand staying at a low level. This persistently negative outlook and subdued demand led to limited trading volumes. Producers, facing ongoing profit losses throughout the year, have become reluctant to offer discounts.

Market conditions in Germany have been influenced by factors such as subdued demand, limited purchases from buyers, and a cautious approach from steel mills. Sectors like automotive and construction have shown slow booking rates, further impacting the demand for Steel Rebar.

Get Real Time Prices for Steel Rebar: https://www.chemanalyst.com/Pricing-data/steel-rebar-1441

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