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Steel Rebar is a web of steel bars or wires that is used for reinforced concrete construction and works like a stress device for making structures. It can also raise the structure's tensile strength. It is made up of 0.04% Sulphur, 0.04% Phosphorus, 0.30% Carbon, and 0.075% S+P.
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Rebar is produced in an electric arc furnace, or EAF steel process. The raw material used to make rebar is scrap steel which is collected from many sources and put in a big ladle in a steel mill and is melted at around 1800 °F.
Key Details About the Steel 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 Steel 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 Steel Rebar Price analysis, including India Steel Rebar price, USA Steel Rebar price, pricing database, and chart 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.
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Industrial Uses Impacting Steel Rebar Price Trend:
The demand for rebar is driving up because of the rapid development in construction activities, which is boosted by significant growth in infrastructure construction, mainly in developing countries. It is a vital metal that is used to create modern roads, skyscrapers, bridges, highways, sewage tunnels, airports, and stadiums, which are boosting its industrial demand. Other growth-promoting applications of the product include its use in thermo-mechanical technology, which leads to enhanced properties of rebar, including higher tensile strength, ductility, and corrosion resistance. Other factors that will likely propel the industry's growth include rapid industrialization and the product demand from non-residential industries like oil and gas production.
Key Players:
- Nucor Corporation
- ArcelorMittal S.A.
- Tillos Group
- Commercial Metals Corporation
- Rajhi Steel Industries Co. Ltd.
- Gerdau Long Steel
News & Recent Development
- 6 April 2023- Steel Rebar prices in Europe displayed an upswing in the price trend for April as mills tried to drive an increase in spite of weak demand leading to a rise in price for early Q2 2023.
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