Iron Bar Market
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.
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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
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Event
World - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
800
This report provides an in-depth analysis of the global iron bar market.
Eastern Asia - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
230
This report provides an in-depth analysis of the iron bar market in Eastern Asia.
Latin America and the Caribbean - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
230
This report provides an in-depth analysis of the iron bar market in Latin America and the Caribbean.
Northern America - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
225
This report provides an in-depth analysis of the iron bar market in Northern America.
Africa - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
210
This report provides an in-depth analysis of the iron bar market in Africa.
Australia and Oceania - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
200
This report provides an in-depth analysis of the iron bar market in Australia and Oceania.
South-Eastern Asia - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
188
This report provides an in-depth analysis of the iron bar market in South-Eastern Asia.
Middle East - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
173
This report provides an in-depth analysis of the iron bar market in the Middle East.
Central Asia - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
172
This report provides an in-depth analysis of the iron bar market in Central Asia.
Southern Asia - Bars and Rods of Iron or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499
Jul 24, 2022
170
This report provides an in-depth analysis of the iron bar market in Southern Asia.
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