North America Steel Rebar Prices Movement Q3:

Steel Rebar Prices in United States:

The price of steel rebar in the United States for Q3 2024 was recorded at 860 USD/MT in September. Steel rebar prices in the United States saw a significant decline during Q3 2024, primarily driven by reduced demand and an oversupply in the market. The ongoing excess supply, coupled with weak demand from key industries, contributed to a consistent downward price trend. By the end of the quarter, prices had experienced a slight further drop, reflecting the persistent bearish market sentiment. Despite efforts to stabilize the market, the imbalance between supply and demand continued to exert downward pressure on pricing, making it challenging to reverse the negative trend.

APAC Steel Rebar Prices Movement Q3:

Steel Rebar Prices in China:

In China, steel rebar prices for Q3 2024 reached 475 USD/MT in September. Steel rebar prices in China during Q3 2024 experienced a significant decline due to oversupply and weak demand across key sectors. The market mirrored broader economic challenges in the Asia Pacific region, with increased production adding pressure to an already saturated market. Throughout the quarter, prices dropped steadily as global economic concerns weighed on investor sentiment and consumption. Reduced activity in construction and infrastructure projects further contributed to the bearish market trend, creating a challenging environment for suppliers and reinforcing the downward price momentum throughout the period.

Europe Steel Rebar Price Movement:

Steel rebar prices in Germany for Q3 2024 settled at 835 USD/MT in September. Steel rebar prices in Germany saw a decline in Q3 2024, driven by ongoing economic challenges and weak demand. High interest rates and a slow construction sector led to reduced activity, dampening the need for steel rebar. Additionally, seasonal factors such as summer holidays further softened demand, while broader economic pressures exacerbated the situation. The overall market sentiment remained bearish, with the sluggish pace in construction and external economic uncertainties contributing to the continued drop in prices throughout the quarter.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Steel Rebar Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Steel Rebar price trend, offering key insights into global Steel Rebar market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Steel Rebar demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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