Rebar, also known as reinforcing bar, is a steel reinforcement extensively incorporated into conventional cement concrete in reinforced concrete construction. Comprising a network of steel wires or bars, rebar serves primarily as a stress device, enhancing the structural integrity of buildings.
Its widespread use in the construction industry is attributed to its capacity to support and fortify concrete under tension, contributing significantly to the tensile strength of structures.
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The production of rebar involves either the Electric Arc Furnace (EAF) steel process or an electric arc furnace. Scrap steel from various sources is gathered at the steel mill, melted in a sizable ladle at temperatures of up to 1800°F, and subsequently poured into a casting while still in its molten state, forming the rebar.
China, Japan, and the United States are the leading countries in rebar production.
Key Details About the Rebar Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rebar price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Rebar Price trends, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Rebar Price Trend:
Various structures, such as homes, industries, and flats, rely on walls and roofs constructed with rebar, making it an essential material for sturdy construction.
GFRP rebar is specifically utilized in constructing the walls of swimming pools and waterside structures, meeting all construction standards for projects near or on water. Its application extends to marine construction as well.
Furthermore, rebar is employed in diverse industrial welding projects, adding versatility to its usage beyond traditional construction purposes.
Key Market Players:
- ArcelorMittal S.A.
- EVRAZ plc
- Gerdau SA
- Nucor Corporation
- Tata Steel Limited
News and Events:
- November 11, 2022: According to China’s national bureau of statistics, approximately 20.9 million tonnes of rebar were manufactured in China in October of this year, an increase of 7.6% from the same month last year. Production of wire rods increased by 1.5% year over year to 11.7 million tonnes during this time.
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