Why are Steel Rebar (Europe) Prices so high?
30-09-2026 - Over the past month, the price of Steel Rebar on the London Metal Exchange (LME) has risen from $580.25 per tonne to $608.5 per tonne. This increase indicates either a growing demand or constraints in supply within the raw material market, leading to a significant price rise. The forecast for Steel Rebar suggests a slight increase to $613.34 per tonne, representing a modest 0.8% rise from the current price of $608.5 per tonne. This indicates a relatively stable market with minimal risk, as the price change is only $4.84 per tonne.
The current forecast highlights upward price pressure on raw materials, largely influenced by Flows data and exchange rate impacts. However, Demand and Technical data suggest a downward pressure, indicating a lack of consensus among various data sources. According to a report by GMK Center, global rebar prices saw a slight uptick at the end of October 2023. This was attributed to stable scrap markets in Turkey and economic incentives in China. Specifically, Turkish rebar prices increased by 2.5% to $550-560 per tonne FOB between October 24-31, 2023. This trend aligns with the forecasted price increase to $613.34 per tonne in the upcoming month.
The current forecast highlights upward price pressure on raw materials, largely influenced by Flows data and exchange rate impacts. However, Demand and Technical data suggest a downward pressure, indicating a lack of consensus among various data sources. According to a report by GMK Center, global rebar prices saw a slight uptick at the end of October 2023. This was attributed to stable scrap markets in Turkey and economic incentives in China. Specifically, Turkish rebar prices increased by 2.5% to $550-560 per tonne FOB between October 24-31, 2023. This trend aligns with the forecasted price increase to $613.34 per tonne in the upcoming month.
What is the current / spot price of Steel Rebar (Europe)?
Steel Rebar (Europe) Price Today
September 30, 2026
Current Price
608.5
What is the forecast for the price of Steel Rebar (Europe)?
Steel Rebar (Europe) Price Forecast
September 30, 2026
1 Month Forecast
613.34
1 Year Forecast
612.12
What are the short-term drivers of Steel Rebar (Europe) prices?
Over the 1 Month horizon the outlook is moderately bullish due to drivers such as: - Movements in the Euro - Movements in the Chinese Yuan - Iron Ore imports to Germany - Iron Ore imports to Korea Br(None) The top contrary drivers for the 1 Month horizon are: - Coal exports from India
What are the long-term drivers of Steel Rebar (Europe) prices?
Over the 1 Year horizon the outlook is moderately bullish due to drivers such as: - The shape of the futures curve Br(None) The top contrary drivers for the 1 Year horizon are: - Long term price trends - EWMA-based technical analysis - Movements in the Chinese Yuan - The net positions of speculators on the LME
Will the price of Steel Rebar (Europe) go up?
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