stainless steel round bar Pricing Assessment

Name: Stainless Steel Round Bar Price Trend, Analysis and Forecast
Creator: PriceWatch
Published: 2025-02-18T07:20:27+00:00
License: https://www.price-watch.ai/privacy-policy/

Markets Covered:

China

Germany

United States

India

Stainless Steel Round Bar Price Trend, Analysis and Forecast

Q1 2024 The stainless-steel round bar market saw a decline in the first quarter of 2024, with prices dropping in various regions. In the US, the decline was driven by low downstream demand, coupled with a relatively stable supply of raw materials such as nickel and iron ore. Despite sufficient feedstock availability, the overall market sentiment was weak, leading to a decrease in prices. Similarly, prices in India and China also saw a reduction compared to the previous quarter, reflecting global market pressures. In Germany, the stainless steel round bar market experienced a noticeable price decrease as well, although demand from key sectors like automotive and manufacturing remained steady. The Q1 2024 global price trend reflects cautious market behavior, with excess supply of nickel and reduced demand for stainless steel products contributing to the overall decline.

Q2 2024: The stainless-steel round bar market in Q2 2024 experienced a mixed trend across different regions. In the United States, prices continued to be under pressure due to weak demand from key industries and ongoing economic concerns. High interest rates further suppressed buying activity, contributing to a bearish market sentiment. Additionally, rising transportation costs and seasonal factors intensified the challenges faced by the market, leading to a subdued outlook for the quarter.

In contrast, the market in Germany showed a slight price increase, although it was modest. The German market benefited from some recovery in industrial activity, particularly in the automotive and manufacturing sectors, following the winter slowdown. However, overall demand remained relatively stable, preventing any significant price escalation.

In India and China, prices for stainless steel round bars remained relatively stable, with minimal changes observed compared to the previous quarter. The market conditions in both regions reflected steady demand, but external factors such as supply chain issues and fluctuations in raw material prices continued to influence market stability.

Q3 2024 The stainless-steel round bar market in Q3 2024 displayed a stable pricing trend across various regions, with balanced supply and demand influencing market conditions. In the United States, prices experienced a slight decline, primarily due to continuing weak demand from key industries and the ongoing economic challenges. High interest rates and cautious buying behavior further limited any significant price movements, contributing to a more subdued market atmosphere.

In Europe, the market for stainless steel round bars remained relatively stable, with pricing conditions in Germany showing a modest increase compared to previous quarter. This was driven by steady demand from industries such as automotive and manufacturing. However, similar to other regions, there was little price variation between the first and second halves of the quarter, suggesting a balanced market sentiment.

Meanwhile, in India and China, prices for stainless steel round bars saw a slight decline during Q3 2024. This drop was attributed to global oversupply and moderate demand, which put downward pressure on prices in both regions.

Q4 2024: In India, prices showed a slight rise, reflecting stable domestic demand and consistent production levels. The market in China also saw a modest price increase, supported by steady demand and a gradual recovery in industrial activities. Similarly, Germany experienced a small price increase, driven by robust demand from key sectors such as automotive and manufacturing, although supply constraints continued to influence market dynamics.

The USA, however, witnessed the most significant price decrease among the regions. Strong demand from the automotive and construction industries played a major role, as these sectors continued to drive the need for stainless steel round bars.

Overall, the Q4 2024 stainless steel round bar market was characterized by steady growth across all regions, with the USA and Germany seeing the most notable price adjustments.

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Historically, several events have caused significant fluctuations in stainless steel round bar prices

Global Economic Downturn (2019-2020): The global economic slowdown, particularly in sectors like steel and automotive, led to reduced demand for Stainless steel round bar, resulting in lower prices.
COVID-19 Pandemic (2019-2020): The global pandemic led to a significant decline in demand for Stainless steel round bar-intensive industries, such as steelmaking and automotive manufacturing, causing prices to plummet.
Global Supply Chain Disruption (2022): The war in Ukraine and other geopolitical tensions disrupted supply chains, leading to price volatility in various commodities, including Stainless steel round bar.
Raw Material Price Volatility: Fluctuations in the prices of key raw materials such as nickel and chromium played a significant role in influencing stainless steel prices. Nickel, in particular, saw large price swings, with prices climbing in 2019.
Raw Material and Energy Price Surge (2021-2022): The global energy crisis, particularly the surge in natural gas and electricity prices during 2021-2022, directly impacted the production costs of stainless steel. High energy prices affected the operations of major steel mills, driving up production costs, which were subsequently reflected in the final prices of Stainless steel round bars.

These events underscore the Stainless steel round bar market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

stainless steel round bar Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Stainless steel round bar production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
Supply Chain Monitoring: We track the entire Stainless steel round bar supply chain, from raw material availability to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Stainless steel round bar prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Stainless steel round bar production facilities, particularly in vulnerable regions like the APAC coasts. These events are factored into our price forecasts and supply outlooks.
Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging, to predict shifts in Stainless steel round bar demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Stainless steel round bar production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
Future Capacity Projections: Our research includes detailed forecasts of upcoming Stainless steel round bar production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: PriceWatch provides an in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Stainless steel round bar pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Stainless steel round bar prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most-likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Stainless steel round bar pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

CAS No

HS Code

722230

Molecular Formula

stainless steel round bar

Stainless Steel round bar is a cylindrical steel product that is produced through a process of rolling or forging. The steel is heated to a high temperature and then passed through rollers or forged to create a round cross-section, resulting in a long, solid bar with a consistent diameter. Round bars are commonly used in a variety of industries, including construction, automotive, and manufacturing, due to their versatility and strength.

Packaging Type

Container

Grades Covered

304-50mm, 304-15mm

Incoterms Used

FOB Shanghai (China), Ex-Mumbai (India), Del-Alabama (USA), FD-Willich (Germany)

Synonym

Stainless steel round bar

Quotation Terms:

15-20 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Material Grade	SS 304 (AISI 304)
Standard	ASTM A276 / A479, ASME SA276 / SA479
Chemical Composition	Fe: Balance, Cr: 18-20%, Ni: 8-10.5%, C: ≤ 0.08%, Mn: ≤ 2%, Si: ≤ 1%, P: ≤ 0.045%, S: ≤ 0.03%
Tensile Strength	≥ 515 MPa (75,000 psi)
Yield Strength	≥ 205 MPa (30,000 psi)
Hardness	≤ 201 HB (Brinell) / ≤ 92 HRB (Rockwell)
Melting Point	1400 – 1450°C

Applications

• Construction and Structural Applications: reinforcing bars, beams, columns, and structural supports. • Automotive Industry: manufacturing of various automotive parts, including axles, shafts, gears, and suspension components. • Fasteners and Fittings: manufacture bolts, nuts, screws, and other fasteners • Oil and Gas Industry: producing pipes, valves, and fittings • Medical Equipment: surgical instruments, implants, and medical devices • Aerospace Industry: aircraft parts, and landing gear components • Pulp and Paper Industry

Disclaimer

Stainless Steel Round Bar price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for stainless steel round bar. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence the pricing of Stainless-Steel Round Bar? +

The pricing of Stainless-Steel Round Bars is influenced by several key factors, including:
1. Raw Material Costs
• The price of Nickel, Chromium, Manganese, and Iron significantly impacts stainless steel prices.
• Market fluctuations in these metal prices can lead to cost variations.
2. Grade of Stainless Steel
• Different grades (e.g., 304, 316, 410, 430) have varying compositions and properties, affecting costs.
• Higher alloy content (e.g., 316 with Molybdenum) increases corrosion resistance but also price.
3. Manufacturing Process
• Hot Rolled vs. Cold Drawn: Cold-drawn bars have better finish and precision but are costlier.
• Heat Treatment & Annealing: Additional processing steps raise production costs.
4. Size & Dimensions
• Larger diameters or custom lengths increase material usage and production complexity.
• Precision tolerance requirements add to machining costs.
5. Supply & Demand
• Higher demand from industries like construction, automotive, and aerospace can drive prices up.
• Global supply chain issues or trade restrictions can impact availability and costs.
6. Import & Export Tariffs
• Duties and tariffs on stainless steel imports/exports affect pricing.
• Trade policies of major producers (China, India, USA, EU) influence global prices.
7. Energy & Production Costs
• Electricity, fuel, and labor costs in the manufacturing region contribute to price fluctuations.
• Countries with high energy costs may have more expensive stainless steel products.
8. Market Conditions & Inflation
• Economic conditions, inflation rates, and currency fluctuations impact material costs.
• Increased transportation costs (e.g., fuel price hikes) can affect final pricing.
9. Certifications & Compliance
• Stainless steel bars requiring ISO, ASTM, ASME, or other certifications may cost more due to rigorous testing.
• Compliance with specific industry standards can impact pricing.