![India - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights](/landing/img/reports/india-hot-rolled-steel-bars-and-rods-market-analysis-forecast-size-trends-and-insights.webp)
India - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingIndia's Hot-Rolled Steel Bar and Rod Price Drops 5% to Average $1,941/Ton
India Hot-Rolled Steel Bar and Rod Export Price in November 2022
In November 2022, the hot-rolled steel bar and rod price stood at $1,941 per ton (FOB, India), declining by -5.5% against the previous month. Overall, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 43% against the previous month. The export price peaked at $2,129 per ton in August 2022; however, from September 2022 to November 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2022, the country with the highest price was Germany ($3,696 per ton), while the average price for exports to Bhutan ($655 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
India Hot-Rolled Steel Bar and Rod Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In November 2022, the product with the highest price was hot-rolled round bars of stainless steel ($4,015 per ton), while the average price for exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coils ($723 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for the following types: iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils (+2.1%), while the prices for the other products experienced more modest paces of growth.
India Hot-Rolled Steel Bar and Rod Exports
In November 2022, shipments abroad of hot-rolled steel bars and rods was finally on the rise to reach 30K tons after five months of decline. In general, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in December 2021 with an increase of 77% m-o-m. Over the period under review, the exports hit record highs at 262K tons in February 2022; however, from March 2022 to November 2022, the exports stood at a somewhat lower figure.
In value terms, hot-rolled steel bar and rod exports soared to $57M (IndexBox estimates) in November 2022. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in December 2021 when exports increased by 68% month-to-month. Over the period under review, the exports hit record highs at 224K tons in February 2022; however, from March 2022 to November 2022, the exports remained at a lower figure.
India Hot-Rolled Steel Bar and Rod Exports by Type
Hot-rolled bars in bearing steels (8.9K tons), 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 (8.3K tons) and hot-rolled wire rod in coil of stainless steel (5.6K tons) were the main products of hot-rolled steel bar and rod exports from India, with a combined 77% share of total exports. Hot-rolled round bars of stainless steel, steel, stainless, iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils and steel, alloy; bars and rods, hot-rolled, in irregularly wound coils lagged somewhat behind, together accounting for a further 23%.
From November 2021 to November 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by hot-rolled bearing steel bar (with a CAGR of +3.8%), while the other products experienced more modest paces of growth.
In value terms, the most traded types of hot-rolled steel bars and rods in India were hot-rolled wire rod in coil of stainless steel ($17M), hot-rolled round bars of stainless steel ($14M) and steel, stainless ($10M), with a combined 72% share of total exports. These products were followed by hot-rolled bars in bearing steels, 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, iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils and steel, alloy; bars and rods, hot-rolled, in irregularly wound coils, which together accounted for a further 28%.
Hot-rolled bearing steel bar, with a CAGR of +3.5%, saw the highest rates of growth with regard to the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
India Hot-Rolled Steel Bar and Rod Exports by Country
Italy (6.2K tons), Maldives (5.7K tons) and the United Arab Emirates (2.3K tons) were the main destinations of hot-rolled steel bar and rod exports from India, together accounting for 48% of total exports.
From November 2021 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +23.7%), while the other leaders experienced more modest paces of growth.
In value terms, Italy ($10M), Germany ($6.4M) and Belgium ($5.9M) constituted the largest markets for hot-rolled steel bar and rod exported from India worldwide, together accounting for 39% of total exports. Maldives, the United Arab Emirates, Turkey, the Netherlands, Brazil, Mexico, Indonesia, Bhutan, Egypt and Bangladesh lagged somewhat behind, together accounting for a further 41%.
Maldives, with a CAGR of +24.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
- Prodcom 24106230 - Hot-rolled bars in free-cutting steels
- Prodcom 24106250 - Forged bars of steel and hot-rolled bars (excluding hollow drill bars and rods) of non-alloy steel (of other than of free-cutting steel)
- Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
- Prodcom 24106410 - Hot-rolled round bars, of stainless steel
- Prodcom 24106430 - Bars and rods of stainless steel, only hot-rolled, only hotdrawn or only extruded (excluding of circular cross-section)
- Prodcom 24106510 - Bars and rods of high-speed steel, hot-rolled, in irregularly wound coils
- Prodcom 24106530 - Bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils
- Prodcom 24106550 - Hot-rolled wire rod, of bearing steel
- Prodcom 24106570 - Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils (excluding products of bearing steel, h igh-speed steel or silico-manganese steel)
- Prodcom 24106630 - Hot-rolled bars in bearing steels
- Prodcom 24106640 - Hot-rolled bars in tool steels
- Prodcom 24106650 - Hot-rolled bars (excluding hollow drill bars and rods) of alloy steel (other than of stainless, tool, silico-manganese, bearing and high speed steel)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023