Germany, Russian Federation, Italy, Belgium, and Japan were the top five exporters of Steel Rebar in the world during 2017 and 2018.
Steel Rebar is used to reinforcing buildings and structures. The development of infrastructures and construction affects the steel rebar trade. So, it is imported by the countries, mostly where construction is prospering.
Industry Insight
The global steel rebar market size was valued at 214.9 billion Dollars in 2018 and was anticipated to grow at a Compound annual growth rate (CAGR) for 7.2% from 2019 to 2025. The development of the construction sector is expected to continue to be a key driver for market growth. Growing construction yield, particularly in emerging countries, such as China, Brazil, and India, and variegation programs in the Middle East, are promoting the demand for steel rebar and wire rod.
Trade Flow
In terms of quantity, the commercial section is planned to grow at a CAGR of 3.0% from 2019 to 2025. Urbanization in different parts of the world has caused the growth in the number of skyscrapers for business objectives, which, in turn, has increased the demand for steel rebar.
According to the statistics, Germany was the biggest exporter of rebar (HS code 7213) from 1996 to 2018.
Germany, Russian Federation, Italy, Belgium, and Japan were the top five exporters of Steel Rebar in the world during 2017 and 2018.
Germany exporting 1.86 million Ton ($ 1.13 B) in 2017 and 1.80 million Ton ($1.31 B) in 2018, having sent its Rebar mostly to France, Poland, Netherlands, Switzerland, and the U.S.
In 2017, Turkey Exported 1.36 Million Ton ($656M) to Israel (287.2 KMT), Singapore (106.7 KMT), Netherland (104.1 KMT), USA (103.1 KMT) and Haiti (78.4 KMT) as its top importers.
Spain exported 1.04 Million Ton ($585M) in 2017 and 1.250 Million Ton ($850M) in 2018, mainly to France, Belgium, Turkey, Israel, and Australia.
Russian Federation exported 995 KMT ($435M) in 2017 and 1.08 Million Ton ($589M) in 2018 to the Netherlands, Lithuania, Asia, Kazakhstan, and Uzbekistan mentioning the top importers.
With the export of 998.6 KMT ($714M) in 2017 and 881.2 KMT ($706M) in 2018, Japan was ranked as the fifth big Rebar exporter who conveniently sent the most to its neighbors Rep. of Korea, China, Thailand, U.S., and Vietnam.
Italy exported 982 KMT ($510.4M) in 2017 and 1.06 Million Ton in 2018 ($666.1M) to Austria, Germany, Switzerland, Slovenia, and Czech Rep. as its top importers.
As the seventh large exporter, Belgium exported 517.9 KMT ($273.7) in 2017 and 888.6 KMT ($537.5) in 2018 to Netherland, Germany, France, Spain, and the UK.
Germany, the USA, Italy, Israel, Poland, Romania, Spain, Thailand, Austria, and Taiwan were the largest importers of steel rebar in 2017 and 2018.
In 2017, considering the volume, Netherland as the biggest importer, imported 1.5 Million Ton, the USA as the second large importer, had 1.4 Million Ton and Germany, with 1.3 Million Ton, was the third big importer. However, in terms of trade value, the order will be different as:
- USA 40 Million Ton $913.5 M
- Germany 32 Million Ton $760.2 M
- Netherlands 56 Million Ton $694.1 M
In 2018, Germany and the USA imported 1 million tons each as the top importing countries. the development infrastructure and public services in European countries and the USA were the major drivers of rebar import to the region. Moreover, the proximity of EU members to each other (e.g., Germany, Italy, and France) as well as the EU free trade agreement facilitated trade among them.
Top Importers of Rebar and Wire Rod in 2018 (according to the net weight)
source: www.comtrade.un.org
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Top exporters of Rebar and Wire Rod in 2018 (according to the net weight)
source: www.comtrade.un.org
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Top Manufacturers of Rebar in the world
Key manufacturers in the market offer a wide range of steel products to be used in various industries such as construction and automobile. Companies invest in different projects to enhance their production capacities.
10 top Manufacturers of Rebar and wire rods are:
- ArcelorMittal
- Gerdau
- Nippon Steel and Sumitomo Metal Corporation
- Posco SS-Vina
- Ltd
- Steel Authority of India Limited
- Tata Steel Ltd.
- Essar Steel
- Mechel PAO
- EVRAZ plc
Top Rebar Supplier in Germany
Top Rebar Supplier in Turkey:
Top Rebar Supplier in Spain:
Top Rebar Supplier in Russia:
Top Rebar Supplier in Japan:
Steel Wire Rod/Rebar HS Code
Steel Rebar, also known as Rebar, Reinforcement bar, and Wire Rod (in smaller diameter), has the HS Code of heading 7213, 7214, and 7227 with the following description.
[su_box title=”7213: Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel.” box_color=”#212920″]
721310
Containing indentations, ribs, grooves or other deformations produced during the rolling process
721320
-Other, of free-cutting steel
721391
— Of circular cross-section measuring less than 14 mm in diameter
721399
— Other
[/su_box]
[su_box title=”7214: Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling.” box_color=”#212920″]
721410
– forged
721420
Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
721430
Of free-cutting steel
721491
— Of rectangular (other than square) cross-section
721499
other than of rectangular cross-section
[/su_box]
[su_box title=”7215: Other bars and rods of iron or non-alloy steel.” box_color=”#212920″]
721590
-Other
[/su_box]
[su_box title=”7227: Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel.
” box_color=”#212920″]
722790
-Other
[/su_box]
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