With the week ending on 20^th December, the global Steel Rebar market displayed a mix of price movements and supply-demand dynamics shaped by regional developments. In the USA and Germany, Steel Rebar prices climbed driven by a tightening supply chain and robust demand. Meanwhile, the China Steel Rebar market saw a price drop due to subdued demand.

The prices of Steel Rebar in USA in increases by 1.5% during this week. Additionally, the supply side of the USA Steel Rebar market has been shaped by reduced import activity and steady domestic production. According to the US Department of Commerce, imports declined significantly. The decrease was accompanied by a drop in import value, which totalled $61.4 million compared month on month. Additionally notable suppliers, including Ukraine, Japan, and Mexico, also reported reduced volumes. These shrinking imports signal a tightening supply chain for steel-related products, including rebar, contributing to upward pressure on domestic prices. On the demand side, export activity in the steel segment reflects robust international interest in US products, which supports the rebar market. This strong export performance underscores healthy market fundamentals, indirectly boosting domestic sentiment and supporting rebar price.

The Germany Steel Rebar market experienced an upturn of 0.8% in pricing. Additionally, the supply landscape in the German Steel Rebar market is under strain, driven by operational and strategic challenges. A major development was the announcement by ArcelorMittal Stahlhandel Deutschland to close its Olpe warehouse. This decision impacted the decline in supply level within the market.  Additionally, the high energy costs that weigh heavily on domestic producers remain a critical issue which also impacted the production cost of the product. On the demand front, the Steel Rebar market is facing mixed signals. This uptick is due to tighter supply dynamics and the industry's efforts to pass on increased operational costs to end-users.

The China Steel Rebar market experienced a price decrease of 0.4% during the week. In the January-November period of this year, China's iron ore production reached 952.263 million metric tons, marking a 1.9% year-on-year increase, according to the National Bureau of Statistics (NBS). Additionally, Iron ore import prices exhibited volatility during November. These fluctuations in iron ore are significant as they directly affect rebar production costs and ultimately the pricing structures within the steel market. Given the overall decline in rebar prices, the market has faced downward pressure mainly due to subdued demand from downstream users and falling rebar prices. The reduced demand from downstream sectors has contributed to the overall declining trend in rebar prices. As construction and infrastructure projects slow down or face delays, the appetite for Steel Rebar has diminished, further accelerating the price decline in this segment.

As per ChemAnalyst, sales of Steel Rebar in the USA and Germany are expected to rise, fuelled by strong purchasing activity. In contrast, Steel Rebar prices in China are projected to decrease due to diminished market confidence and adequate supply levels.