Long Steel Market
Long Steel Market Size, Share, and Trends Analysis Report, By Product Type (Rebar, Wire Rod, Merchant Bar, and Others), By Production Process (Basic Oxygen Furnace and Electric Arc Furnace), By End-User Industry (Railways, Construction, Industrial, and Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Long steel market is anticipated to grow at a CAGR of 4.1% during the forecast period. The major factor contributing significantly to the growth of the market includes the rising demand for long steel in end-user verticals such as the building and construction industry owing to the extensive tensile strength and ductility properties. In addition, the rising construction industry due to rapid population growth has increased the number of construction projects along with high long steel demand. Apart from construction applications, rapid utilization of long steel in the field of transportation such as railways has driven the market in the historical period. Expanding rail projects due to the development of lines and routes across the globe have opened doors for many manufacturers to expand their product manufacturing and capacity. For instance, in February 2021, Nucor Corporation built a TrueCore manufacturing facility in Brigham City, Utah, which will manufacture insulated wall and roof panels. Moreover, in June 2022, The World Bank approved a $245 million loan to support India’s efforts to modernize rail freight and logistics infrastructure. The Rail Logistics project will help India shift more traffic from road to rail, making transport—both freight and passenger—more efficient and, reducing millions of tons of greenhouse gas emissions (GHG) each year.
Segmental Outlook
The global long steel market is segmented based on product type, production process, and end-user industry. Based on product type, the market is sub-categorized into rebar, wire rod, merchant bar, and others. Among these, the rebar segment is projected to account for the largest share of the market during the forecast period. The segment growth is attributed to the increasing building & construction activities, rising urbanization, and rapid growth in the renewable energy sector. Based on the production process, the market is subdivided into basic oxygen furnaces and electric arc furnaces. The basic oxygen furnace is projected to dominate the market. Properties such as high production volume, strong alkalinity, rich angularity, and tough surface characteristics make it an ideal process for steel production. Similarly, based on end-user industry, the market is sub-segmented into railways, construction, industrial, and others.
Regional Outlook
Geographically, the global long steel market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is projected to hold a considerable share in the global long steel market owing to the rise in construction operations, which provides enough push for the demand requisite in the region. The presence of prominent market players is also the reason, the market is showing an impressive growth rate. To cope with surging market demands, players are focusing on providing long steel for heavy construction purposes. For instance, in December 2020, ArcelorMittal provided special rebars and thread bars Krybar to Kuwait for its new liquified natural gas terminal. In addition, the market growth in the Middle East & Africa region is primarily driven by the oil & gas and infrastructure sectors.
Global Long Steel Market Growth, By Region 2022-2028
Asia-Pacific Region is Expected to Witness Fastest Growth
Geographically, the Asia-Pacific region is likely to grow at the fastest CAGR during the forecast period. The regional growth is attributed to the development of new metro rail projects, dedicated freight lanes, and the repair and upgrading of highway and railway bridges. Countries, such as India and China, are witnessing an increasing number of residential construction projects, which is likely to create significant demand for steel long products. China is estimated to accumulate humongous revenues in the market owing to the rising steel production in the country due to rising domestic demand along with rising export practices, where the top exporting countries are South Korea followed by Vietnam and Thailand, this factor is estimated to help in widening the growth pattern of the steel market in the entire Asia Pacific region. Additionally, rising disposable income and the presence of leading players in the region are causative of steady market growth.
Market Players Outlook
The major market players in the global long steel market include Arcelor Mittal, Baowu Steel Group Corporation Limited, Gerdau S.A., HeSteel Group Company Limited, Hyundai Steel Co., Ltd, Nippon Steel Corporation, Nucor Corporation, POSCO Corporation, Ternium S.A., and Votorantim S.A., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2021, ArcelorMittal Europe expanded its organic coated Granite range by launching Granite HDXtreme, pre-painted steel. The steel is designed for roofs and façades on buildings near the sea. Granite HDXtreme is highly sustainable and it has a lower CO2 footprint compared with alternative solutions such as aluminum.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global long steel market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Arcelor Mittal S.A.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Baowu Steel Group Corp., Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Gerdau S.A
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. HeSteel Group Co. Ltd.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Nippon Steel Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Long Steel Market by Product Type
4.1.1. Rebar
4.1.2. Wire Rod
4.1.3. Merchant Bar
4.1.4. Others
4.2. Global Long Steel Market by Production Process
4.2.1. Electric Arc Furnace
4.2.2. Basic Oxygen Furnace
4.3. Global Long Steel Market by End-User Industry
4.3.1. Railways
4.3.2. Construction
4.3.3. Industrial
4.3.4. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Acerinox S.A.
6.2. Ansteel Group Corp. Ltd.
6.3. Commercial Metals Co.
6.4. Daido Steel
6.5. Dyneon GmbH
6.6. EVRAZ PLC
6.7. JFE Steel Corp.
6.8. Mechel Pao
6.9. Novolipetsk Steel (NLMK)
6.10. Nucor Corp.
6.11. Outokumpu Oyj
6.12. Posco Corp.
6.13. Shagang Group
6.14. Steel Dynamics, Inc.
6.15. Tata Steel, Ltd.
6.16. Ternium S.A.
6.17. Votorantim S.A
6.18. Wuhan Iron and Steel Corp.
1. GLOBAL LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL REBAR LONG STEEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL WIRE ROD LONG STEEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MERCHANT BAR LONG STEEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL OTHERS LONG STEEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2021-2028 ($ MILLION)
7. GLOBAL ELECTRIC ARC FURNACE IN LONG STEEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL BASIC OXYGEN FURNACE IN LONG STEEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL LONG STEEL MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
10. GLOBAL STEEL IN RAILWAYS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL STEEL IN CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL STEEL IN INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL STEEL IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL LONG STEEL MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN LONG STEEL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2021-2028 ($ MILLION)
18. NORTH AMERICAN LONG STEEL MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
19. EUROPEAN LONG STEEL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
21. EUROPEAN LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2021-2028 ($ MILLION)
22. EUROPEAN LONG STEEL MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC LONG STEEL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC LONG STEEL MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD LONG STEEL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD LONG STEEL MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2021-2028 ($ MILLION)
30. REST OF THE WORLD LONG STEEL MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
1. GLOBAL LONG STEEL MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
2. GLOBAL LONG STEEL MARKET SHARE BY PRODUCTION PROCESS, 2021 VS 2028 (%)
3. GLOBAL LONG STEEL MARKET SHARE BY END-USER INDUSTRY , 2021 VS 2028 (%)
4. GLOBAL LONG STEEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL REBAR LONG STEEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL WIRE ROD LONG STEEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MERCHANT BAR LONG STEEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL OTHERS LONG STEEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL ELECTRIC ARC FURNACE IN LONG STEEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL BASIC OXYGEN FURNACE IN LONG STEEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL STEEL IN RAILWAYS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL STEEL IN CONSTRUCTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL STEEL IN INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL STEEL IN OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
17. UK LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD LONG STEEL MARKET SIZE, 2021-2028 ($ MILLION)
