The Long Steel Market size is expected to reach US$ 873.22 Bn by 2030, at a CAGR of 4.5% during the forecast period.Long Steel Market Overview:
Global Long Steel is generally utilized in various construction and industrial application which comes in a drawn bar, rebar, railway beam, long beam, wire, and rod. Long steel is an important part of the construction and construction sector, and its market is growing in response to increasing demand from the infrastructure and construction industry. It is increasingly being used by homebuilders and construction companies for building construction and other infrastructure projects. The increase in the steel market is mainly due to increased construction and infrastructure activities, industrialization, and population growth.To know about the Research Methodology :- Request Free Sample Report
Long Steel Market Dynamics:
The long steel industry offers new growth prospects through new subway projects, special freight corridors, road, and rail bridge repairs, and modernization. On a global scale, people prefer to offer long steel for heavy construction by major players. In December 2022, ArcelorMittal Kuwait supplied a new LNG terminal with special rebar and rebar Drybar. Industries such as capital goods, aircraft, and railroads are introducing long products, and the market demand for long products is increasing. In the automotive industry, some long steels such as commercial bars and special profiles are used for body construction and wire rods are used for tires. Therefore, the growth of the heavy construction and automobile industries is expected to have a positive impact on the growth of the long steel market. Rails and other structural steel products are used in many industries. The market share of long steel is increasing due to routes and route expansion, as well as the need for rapid maintenance and renewal. Structural steel railings not only provide higher tensile strength than other materials but are also highly resistant to corrosion and weathering, making them ideal for heavy construction applications. High strength long steel is required to drive the growth of the market. Nevertheless, fluctuations in commodity prices are expected to slow market growth. In addition, the emergence of value-added rebar products and increased investment in infrastructure activities are expected to provide growth opportunities for the long steel market in the coming years As companies course the chart to resume the projects at full swing, ArcelorMittal Kuwait supplied a new LNG terminal with special rebar and rebar Krybar. March 2022, Nucor Corporation built a new pipe mill on the Steel Gallatin Sheet Mill in Kentucky. This allows the company to leverage its investment to expand production capacity and add galvanized lines. Restraints Fluctuating raw material cost in the industry which depends on factors like production cost, supply chain creates volatile prices makes the market jumpy when demand spikes.Long Steel Market Segment Analysis:
By Process type, the Basic Oxygen furnace is dominating segments in the Global Long Steel market. The basic Oxygen Furnace segment held a total market share of xx% in 2023. Basic Oxygen Furnace is the most commonly preferred process for the production of long steel due to commercial advantages such as high production capacity, minimal labor, and low nitrogen content creates top quality long steel beams for various applications. Steeling manufacturing countries such as New Zealand, Netherlands, Austria, Belgium, and the Czech Republic produce Steel using oxygen furnace process with more than 70% of capacity and remaining resources utilized in Electric Furnace. By Product Type, Rebar is the dominating segment in Global Long Steel Market. Rebar steel is the most commonly used steel type in construction, manufacturing, and industrial purposes and is expected to grow at a CAGR of 4.5% throughout the forecasted period. In 2023, rebar steel market size valued at USD 99.48 billion and anticipated to grow as pandemic restrictions are being lifted and halted construction sites are pacing the course. Rebar is generally used in building structures, concrete blocks, and industrial structures and as raw material in the manufacturing industry. The new-gen process of manufacturing steel produces high-grade long steel beams which as in high demand in developing countries as well as in megaprojects of developed countries enables high growth opportunities long steel market. By End Use, the Construction segment is dominating in the Global Long Steel market. More than 60% of revenue is generated from the construction segment in the global long steel industry. Long Steel products are largely used in residential, infrastructure, and construction applications. Steel products including beams, angles, sections, and railway rails are being produced to meet the demand from the Asian market with a large portion from developing countries like India, Malaysia, Indonesia, also, China, Japan, and South Korea.Long Steel Market Regional Insights:
The Asia Pacific is dominating region in the Global Long steel Market. The Asia Pacific region held the largest share at 4% in 2023. The rise of international steelmakers such as ArcelorMittal, Nippon Steel & Sumitomo Metal, Tata Steel, and POSCO Steel in the region is contributing to this growth. The cheap labor and raw materials available in the region are additional benefits for these companies. Another factor that is expected to stimulate growth markets is the rapidly growing population and urbanization. Due to the limited local workforce and availability of raw materials, these companies operate primarily in China and India. Europe is emerging as a leading producer of crude steel in recent years. Europe and North America are the highest importers of crude iron a well. Luxemburg located steel manufacturer ArcelorMittal was the largest steel producer with a total output of over 97 metric tons in 2023.The objective of the report is to present a comprehensive analysis of the Global Long Steel Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Long Steel market dynamics, structure by analyzing the market segments and projecting the Global Long Steel market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Long Steel market make the report investor’s guide.Long Steel Market Scope: Inquire before buying
Global Long Steel Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 641.67 Bn. Forecast Period 2024 to 2030 CAGR: 4.5% Market Size in 2030: US $ 873.22 Bn. Segments Covered: by Process Type Basic Oxygen Furnace Electric Arc Furnace by Product Type Rebar Wire Rod Merchant Bar Rail Others by End User Construction Industrial Others Global Long Steel Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)Global Long Steel Market, Key Players
1. Arcelor Mittal 2. Gerdau Sa 3. Nippon Steel 4. Posco 5. Nucor Corporation 6. China Baowu Steel 7. Commercial Metals Company 8. Mechel Pao 9. Steel Dynamics, Inc. 10. Novolipetsk Steel 11. Outokumpu Oyj 12. Acerinox S.A. 13. Tata Steel 14. Daido Steel 15. Shagang Group 16. Ansteel Group 17. JFE Steel Corporation 18. Evraz Plc 19. HBIS Group 20. Hyundai Steel 21. Steel Authority 22. Metinvest Holding LLC 23. Severstal Jsc 24. Wuhan Iron 25. JSW Steel FAQ 1] What segments are covered in the Global Market report? Ans. The segments covered in the Global Market report are based on Process Type, Product Type, and End User. 2] Which region is expected to hold the highest share in the Global Market? Ans. Asia Pacific Region is expected to hold the highest share in the Global Market. 3] What is the market size of the Global Market by 2023? Ans. The market size of Global Market by 2023 is US $ 641.67 Bn. 4] Who are the top key players in the Global Market? Ans. ArcelorMittal, Gerdau Sa, Nippon Steel, Posco, Nucor Corporation, China Baowu Steel, Commercial Metals Company, Mechel Pao, Steel Dynamics, Inc., Novolipetsk Steel, Outokumpu Oyj, Acerinox S.A., Tata Steel, Daido Steel, Shagang Group, Ansteel Group, JFE Steel Corporation, Evraz Plc, HBIS Group, Hyundai Steel, Steel Authority, Metinvest Holding LLC, Severstal Jsc, Wuhan Iron, JSW Steel 5] What will be the market size of the Global Market in 2030? Ans. The market size of the Global Long Steel Market in 2023 was US $ 873.22 Bn.
1. Long Steel Market: Research Methodology 2. Long Steel Market Introduction 2.1. Study Assumption and Market Definition 2.2. Scope of the Study 2.3. Executive Summary 3. Long Steel Market: Dynamics 3.1. Long Steel Market Trends 3.2. Long Steel Market Dynamics 3.2.1. Long Steel Market Drivers 3.2.2. Long Steel Market Restraints 3.2.3. Long Steel Market Opportunities 3.2.4. Long Steel Market Challenges 3.3. Analysis of Developing new testing methods and standards for long steel products. 3.4. Exploring the potential of additive manufacturing for long steel production. 3.5. Investigating the economic and social impact of the long steel industry. 3.6. Analysis of Improving the understanding of the microstructure and properties of long steel products. 3.7. PORTER’s Five Forces Analysis 3.8. PESTLE Analysis 3.9. Value Chain 3.10. Regulatory Landscape by Region 3.10.1. Global 3.10.2. North America 3.10.3. Europe 3.10.4. Asia Pacific 3.10.5. Middle East and Africa 3.10.6. South America 3.11. Analysis of Government Schemes and Initiatives for Pole Mounted Transformer Industry 3.12. The Global Pandemic Impact on Long Steel Market 4. Long Steel Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 4.1. Long Steel Market Size and Forecast, by Type (2023-2030) 4.1.1. Basic Oxygen Furnace 4.1.2. Electric Arc Furnace 4.2. Long Steel Market Size and Forecast, by Product Type (2023-2030) 4.2.1. Rebar 4.2.2. Wire Rod 4.2.3. Merchant Bar 4.2.4. Rail 4.2.5. Others 4.3. Long Steel Market Size and Forecast, by End User (2023-2030) 4.3.1. Construction 4.3.2. Industrial 4.3.3. Others 4.4. Long Steel Market Size and Forecast, by Region (2023-2030) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. Middle East and Africa 4.4.5. South America 5. North America Long Steel Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 5.1. North America Long Steel Market Size and Forecast, by Type (2023-2030) 5.1.1. Basic Oxygen Furnace 5.1.2. Electric Arc Furnace 5.2. North America Long Steel Market Size and Forecast, by Product Type (2023-2030) 5.2.1. Rebar 5.2.2. Wire Rod 5.2.3. Merchant Bar 5.2.4. Rail 5.2.5. Others 5.3. North America Long Steel Market Size and Forecast, by End User (2023-2030) 5.3.1. Construction 5.3.2. Industrial 5.3.3. Others 5.4. Long Steel Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Long Steel Market Size and Forecast, by Type (2023-2030) 5.4.1.1.1. Basic Oxygen Furnace 5.4.1.1.2. Electric Arc Furnace 5.4.1.2. United States Long Steel Market Size and Forecast, by Product Type (2023-2030) 5.4.1.2.1. Rebar 5.4.1.2.2. Wire Rod 5.4.1.2.3. Merchant Bar 5.4.1.2.4. Rail 5.4.1.2.5. Others 5.4.1.3. United States Long Steel Market Size and Forecast, by End User (2023-2030) 5.4.1.3.1. Construction 5.4.1.3.2. Industrial 5.4.1.3.3. Others Canada 5.4.1.4. Canada Long Steel Market Size and Forecast, by Type (2023-2030) 5.4.1.4.1. Basic Oxygen Furnace 5.4.1.4.2. Electric Arc Furnace 5.4.1.5. Canada Long Steel Market Size and Forecast, by Product Type (2023-2030) 5.4.1.5.1. Rebar 5.4.1.5.2. Wire Rod 5.4.1.5.3. Merchant Bar 5.4.1.5.4. Rail 5.4.1.5.5. Others 5.4.1.6. Canada Long Steel Market Size and Forecast, by End User (2023-2030) 5.4.1.6.1. Construction 5.4.1.6.2. Industrial 5.4.1.6.3. Others 5.4.2. Mexico 5.4.2.1. Mexico Long Steel Market Size and Forecast, by Type (2023-2030) 5.4.2.1.1. Basic Oxygen Furnace 5.4.2.1.2. Electric Arc Furnace 5.4.2.2. Mexico Long Steel Market Size and Forecast, by Product Type (2023-2030) 5.4.2.2.1. Rebar 5.4.2.2.2. Wire Rod 5.4.2.2.3. Merchant Bar 5.4.2.2.4. Rail 5.4.2.2.5. Others 5.4.2.3. Mexico Long Steel Market Size and Forecast, by End User (2023-2030) 5.4.2.3.1. Construction 5.4.2.3.2. Industrial 5.4.2.3.3. Others 6. Europe Long Steel Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 6.1. Europe Long Steel Market Size and Forecast, by Type (2023-2030) 6.2. Europe Long Steel Market Size and Forecast, by Product Type (2023-2030) 6.3. Europe Long Steel Market Size and Forecast, by End User(2023-2030) 6.4. Europe Long Steel Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Long Steel Market Size and Forecast, by Type (2023-2030) 6.4.1.2. United Kingdom Long Steel Market Size and Forecast, by Product Type (2023-2030) 6.4.1.3. United Kingdom Long Steel Market Size and Forecast, by End User(2023-2030) 6.4.2. France 6.4.2.1. France Long Steel Market Size and Forecast, by Type (2023-2030) 6.4.2.2. France Long Steel Market Size and Forecast, by Product Type (2023-2030) 6.4.2.3. France Long Steel Market Size and Forecast, by End User(2023-2030) 6.4.3. Germany 6.4.3.1. Germany Long Steel Market Size and Forecast, by Type (2023-2030) 6.4.3.2. Germany Long Steel Market Size and Forecast, by Product Type (2023-2030) 6.4.3.3. Germany Long Steel Market Size and Forecast, by End User(2023-2030) 6.4.4. Italy 6.4.4.1. Italy Long Steel Market Size and Forecast, by Type (2023-2030) 6.4.4.2. Italy Long Steel Market Size and Forecast, by Product Type (2023-2030) 6.4.4.3. Italy Long Steel Market Size and Forecast, by End User(2023-2030) 6.4.5. Spain 6.4.5.1. Spain Long Steel Market Size and Forecast, by Type (2023-2030) 6.4.5.2. Spain Long Steel Market Size and Forecast, by Product Type (2023-2030) 6.4.5.3. Spain Long Steel Market Size and Forecast, by End User(2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Long Steel Market Size and Forecast, by Type (2023-2030) 6.4.6.2. Sweden Long Steel Market Size and Forecast, by Product Type (2023-2030) 6.4.6.3. Sweden Long Steel Market Size and Forecast, by End User(2023-2030) 6.4.7. Austria 6.4.7.1. Austria Long Steel Market Size and Forecast, by Type (2023-2030) 6.4.7.2. Austria Long Steel Market Size and Forecast, by Product Type (2023-2030) 6.4.7.3. Austria Long Steel Market Size and Forecast, by End User(2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Long Steel Market Size and Forecast, by Type (2023-2030) 6.4.8.2. Rest of Europe Long Steel Market Size and Forecast, by Product Type (2023-2030) 6.4.8.3. Rest of Europe Long Steel Market Size and Forecast, by End User(2023-2030) 7. Asia Pacific Long Steel Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Long Steel Market Size and Forecast, by Type (2023-2030) 7.2. Asia Pacific Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.3. Asia Pacific Long Steel Market Size and Forecast, by End User(2023-2030) 7.4. Asia Pacific Long Steel Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.1.2. China Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.1.3. China Long Steel Market Size and Forecast, by End User(2023-2030) 7.4.1.4. China Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.1.5. China Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.1.6. China Long Steel Market Size and Forecast, by End User(2023-2030) 7.4.2. Japan 7.4.2.1. Japan Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.2.2. Japan Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.2.3. Japan Long Steel Market Size and Forecast, by End User(2023-2030) 7.4.3. India 7.4.3.1. India Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.3.2. India Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.3.3. India Long Steel Market Size and Forecast, by End User(2023-2030) 7.4.4. Australia 7.4.4.1. Australia Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.4.2. Australia Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.4.3. Australia Long Steel Market Size and Forecast, by End User(2023-2030) 7.4.5. Indonesia 7.4.5.1. Indonesia Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.5.2. Indonesia Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.5.3. Indonesia Long Steel Market Size and Forecast, by End User(2023-2030) 7.4.6. Malaysia 7.4.6.1. Malaysia Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.6.2. Malaysia Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.6.3. Malaysia Long Steel Market Size and Forecast, by End User(2023-2030) 7.4.7. Vietnam 7.4.7.1. Vietnam Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.7.2. Vietnam Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.7.3. Vietnam Long Steel Market Size and Forecast, by End User(2023-2030) 7.4.8. Taiwan 7.4.8.1. Taiwan Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.8.2. Taiwan Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.8.3. Taiwan Long Steel Market Size and Forecast, by End User(2023-2030) 7.4.9. Rest of Asia Pacific 7.4.9.1. Rest of Asia Pacific Long Steel Market Size and Forecast, by Type (2023-2030) 7.4.9.2. Rest of Asia Pacific Long Steel Market Size and Forecast, by Product Type (2023-2030) 7.4.9.3. Rest of Asia Pacific Long Steel Market Size and Forecast, by End User(2023-2030) 8. Middle East and Africa Long Steel Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030 8.1. Middle East and Africa Long Steel Market Size and Forecast, by Type (2023-2030) 8.2. Middle East and Africa Long Steel Market Size and Forecast, by Product Type (2023-2030) 8.3. Middle East and Africa Long Steel Market Size and Forecast, by End User(2023-2030) 8.4. Middle East and Africa Long Steel Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa Long Steel Market Size and Forecast, by Type (2023-2030) 8.4.1.2. South Africa Long Steel Market Size and Forecast, by Product Type (2023-2030) 8.4.1.3. South Africa Long Steel Market Size and Forecast, by End User(2023-2030) 8.4.2. GCC 8.4.2.1. GCC Long Steel Market Size and Forecast, by Type (2023-2030) 8.4.2.2. GCC Long Steel Market Size and Forecast, by Product Type (2023-2030) 8.4.2.3. GCC Long Steel Market Size and Forecast, by End User(2023-2030) 8.4.3. Nigeria 8.4.3.1. Nigeria Long Steel Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Nigeria Long Steel Market Size and Forecast, by Product Type (2023-2030) 8.4.3.3. Nigeria Long Steel Market Size and Forecast, by End User(2023-2030) 8.4.4. Rest of ME&A 8.4.4.1. Rest of ME&A Long Steel Market Size and Forecast, by Type (2023-2030) 8.4.4.2. Rest of ME&A Long Steel Market Size and Forecast, by Product Type (2023-2030) 8.4.4.3. Rest of ME&A Long Steel Market Size and Forecast, by End User(2023-2030) 9. South America Long Steel Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 9.1. South America Long Steel Market Size and Forecast, by Type (2023-2030) 9.2. South America Long Steel Market Size and Forecast, by Product Type (2023-2030) 9.3. South America Long Steel Market Size and Forecast, by End User(2023-2030) 9.4. South America Long Steel Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Long Steel Market Size and Forecast, by Type (2023-2030) 9.4.1.2. Brazil Long Steel Market Size and Forecast, by Product Type (2023-2030) 9.4.1.3. Brazil Long Steel Market Size and Forecast, by End User(2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Long Steel Market Size and Forecast, by Type (2023-2030) 9.4.2.2. Argentina Long Steel Market Size and Forecast, by Product Type (2023-2030) 9.4.2.3. Argentina Long Steel Market Size and Forecast, by End User(2023-2030) 9.4.3. Argentina 9.4.4. Rest Of South America 9.4.4.1. Rest Of South America Long Steel Market Size and Forecast, by Type (2023-2030) 9.4.4.2. Rest Of South America Long Steel Market Size and Forecast, by Product Type (2023-2030) 9.4.4.3. Rest Of South America Long Steel Market Size and Forecast, by End User(2023-2030) 10. Global Long Steel Market: Competitive Landscape 10.1. MMR Competition Matrix 10.2. Competitive Landscape 10.3. Key Players Benchmarking 10.3.1. Company Name 10.3.2. End User 10.3.3. Revenue (2023) 10.3.4. Company Locations 10.4. Leading Long Steel Market Companies, by market capitalization 10.5. Market Structure 10.5.1. Market Leaders 10.5.2. Market Followers 10.5.3. Emerging Players 10.6. Mergers and Acquisitions Details 11. Company Profile: Key Players 11.1. Arcelor Mittal 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis 11.1.5. Strategic Analysis 11.1.6. Scale of Operation (small, medium, and large) 11.1.7. Details on Partnership 11.1.8. Regulatory Accreditations and Certifications Received by Them 11.1.9. Awards Received by the Firm 11.1.10. Recent Developments 11.2. Gerdau Sa 11.3. Nippon Steel 11.4. Posco 11.5. Nucor Corporation 11.6. China Baowu Steel 11.7. Commercial Metals Company 11.8. Mechel Pao 11.9. Steel Dynamics, Inc. 11.10. Novolipetsk Steel 11.11. Outokumpu Oyj 11.12. Acerinox S.A. 11.13. Tata Steel 11.14. Daido Steel 11.15. Shagang Group 11.16. Ansteel Group 11.17. JFE Steel Corporation 11.18. Evraz Plc 11.19. HBIS Group 11.20. Hyundai Steel 11.21. Steel Authority 11.22. Metinvest Holding LLC 11.23. Severstal Jsc 11.24. Wuhan Iron 11.25. JSW Steel 12. Key Findings 13. Industry Recommendations 14. Terms and Glossary