World - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
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Iron bar market: get access to recently published info powered by an Ai-driven market intelligence platform. Datasets include market size, market prices, exports, imports, consumption, production, companies, and trade. There is a breakdown by country, including Latin America, Russia, EU, the U.S., the U.K., the Middle East, China, and Africa. Market trends and forecast to 2030 are also featured in the snapshots.
Iron Bar - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | India |
| 3 | South Korea |
In value terms, China led the market, alone. The second position in the ranking was occupied by India.
In China, the iron bar market remained relatively stable over the period from 2019-2021. In the other countries, the average annual rates were as follows: India (+3.5% per year) and South Korea (+4.6% per year).
Iron Bar Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Moldova | 522 | 482 | 228 | -33.9% |
| Turkey | 565 | 468 | 544 | -1.9% |
| Russia | 521 | 447 | 678 | 14.1% |
| Italy | 748 | 625 | 938 | 12.0% |
| Spain | 700 | 652 | 945 | 16.2% |
| Germany | 895 | 729 | 971 | 4.2% |
| Japan | 991 | 945 | 984 | -0.4% |
| Average | 682 | 600 | 750 | 4.9% |
Prices varied noticeably by the country of origin; the country with the highest price was Japan ($984 per ton), while Moldova ($228 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Italy | 942 | 863 | 1069 | 6.5% |
| Germany | 810 | 735 | 977 | 9.8% |
| United States | 859 | 762 | 965 | 6.0% |
| France | 770 | 731 | 936 | 10.3% |
| Poland | 730 | 603 | 868 | 9.0% |
| Belgium | 644 | 622 | 831 | 13.6% |
| Romania | 580 | 543 | 785 | 16.3% |
| Thailand | 799 | 712 | 758 | -2.6% |
| Canada | 824 | 768 | 738 | -5.4% |
| Netherlands | 584 | 535 | 715 | 10.6% |
| South Korea | 662 | 634 | 651 | -0.8% |
| Hong Kong SAR | 499 | 449 | 635 | 12.8% |
| Israel | 583 | 555 | 609 | 2.2% |
| Average | 678 | 624 | 755 | 5.5% |
Prices varied noticeably by the country of destination; the country with the highest price was Italy ($1,069 per ton), while Israel ($609 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Romania, while the other global leaders experienced more modest paces of growth.
Iron Bar - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| Germany | 2.9 | 2.3 | 3.8 | 14.5% |
| United States | 2.3 | 1.7 | 3 | 12.9% |
| Italy | 1.5 | 1.2 | 2.1 | 18.8% |
| France | 1.2 | 1 | 1.7 | 17.8% |
| Poland | 0.9 | 0.7 | 1.6 | 36.2% |
In value terms, the largest iron bar importing markets worldwide were Germany ($3.8B), the United States ($3B) and Italy ($2.1B), together accounting for 17% of global imports. France, Poland, Hong Kong SAR, Romania, Thailand, the Netherlands, South Korea, Belgium, Canada and Israel lagged somewhat behind, together comprising a further 26%.
Among the main importing countries, Belgium saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Iron Bar - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| Moldova | 0.2 | 0.2 | 12 | 737.6% |
| Turkey | 2.9 | 3.7 | 4.3 | 22.5% |
| Italy | 2.7 | 2.3 | 4.1 | 24.6% |
| Germany | 2.9 | 2.4 | 4.1 | 18.9% |
| Japan | 2.7 | 1.9 | 3 | 5.5% |
Iron Bar - Market Forecast
Driven by increasing demand for iron bar worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Iron Bar - Top Companies
Dongguan Dazhou Iron & Steel Co., Ltd., NIPPON STEEL & SUMITOMO METAL CORPORATION, Baoshan Iron & Steel Co., Ltd., Shougang Group Corporation, JFE STEEL CORPORATION, TATA STEEL LIMITED, Nucor Corporation, Hyundai Steel Company, KOBE STEEL, LTD., Hesteel Company Limited, Jiangsu Shagang Group Co., Ltd., Wugang Group Co., Ltd., Shandong Iron & Steel Group Co., Ltd., Jiuquan Iron And Steel (Group) Co., Ltd., Angang Steel Company Limited, United States Steel Corp, CHINA STEEL CORPORATION, Hunan Valin Iron & Steel Group Co., Ltd., Maanshan Iron & Steel Company Limited, Anshan Iron and Steel Group Co., Ltd.
Iron Bar - Product Coverage
- HS 7213 - Iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils
- HS 7214 - Iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling
- HS 7221 - Stainless steel bars and rods, hot-rolled, in irregularly wound coils
- HS 722211 - Steel, stainless; bars and rods, hot-rolled, hot-drawn or extruded, of circular cross-section
- HS 722219 - Steel, stainless; bars and rods, hot-rolled, hot-drawn or extruded, other than of circular cross-section
- HS 7227 - Steel, alloy; bars and rods, hot-rolled, in irregularly wound coils
- HS 722830 - Steel, alloy; bars and rods, hot-rolled, hot-drawn or extruded
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
- Prodcom 24106230 - Hot-rolled bars in free-cutting steels
- Prodcom 24106250 - Forged bars of steel and hot-rolled bars (excluding hollow drill bars and rods) of non-alloy steel (of other than of free-cutting steel)
- Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
- Prodcom 24106410 - Hot-rolled round bars, of stainless steel
- Prodcom 24106430 - Bars and rods of stainless steel, only hot-rolled, only hotdrawn or only extruded (excluding of circular cross-section)
- Prodcom 24106510 - Bars and rods of high-speed steel, hot-rolled, in irregularly wound coils
- Prodcom 24106530 - Bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils
- Prodcom 24106550 - Hot-rolled wire rod, of bearing steel
- Prodcom 24106570 - Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils (excluding products of bearing steel, h igh-speed steel or silico-manganese steel)
- Prodcom 24106630 - Hot-rolled bars in bearing steels
- Prodcom 24106640 - Hot-rolled bars in tool steels
- Prodcom 24106650 - Hot-rolled bars (excluding hollow drill bars and rods) of alloy steel (other than of stainless, tool, silico-manganese, bearing and high speed steel)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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