Rebar / TMT Bars: Market Size & Forecast 2026

The global rebar and TMT bars market sits at approximately USD 195 billion in 2025 (base year), anchored by residential construction demand in Asia-Pacific, large-scale infrastructure investment programmes across India and the Middle East, and a supply base that remains regionally concentrated despite ongoing consolidation among minimills and long-steel producers. Iron ore and steel scrap are the primary feedstocks, with finished rebar pricing tracking billet costs and regional demand-supply balance rather than any single global benchmark. The dominant structural trend through 2026 is India's accelerating infrastructure buildout, which is re-routing export flows of rebar away from traditional destinations and tightening Asia-Pacific availability at a time when US Section 122 surcharges and Section 301 List 3 duties continue to impose a combined 35% landed-cost penalty on Chinese-origin r

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