Long Steel Market size is expected to reach US$ 732.3 Bn by 2027, at a CAGR of 4.5% during the forecast period.
Long Steel Market Overview: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 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
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 2020, 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 2021, 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 2020. 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% throughout the forecasted period. In 2020, 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 2020. 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 2020.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.
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Global Long Steel Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 538.1 Bn. Forecast Period 2021 to 2027 CAGR: 4.5% Market Size in 2027: US $ 732.3 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 • Europe • Asia Pacific • The Middle East and Africa • South America
Global Long Steel Market Key Players• Arcelor Mittal • 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 FAQ 1] What segments are covered in the Global Long Steel Market report? Ans. The segments covered in the Global Long Steel 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 Long Steel Market? Ans. Asia Pacific Region is expected to hold the highest share in the Global Long Steel Market. 3] What is the market size of the Global Long Steel Marketby2027? Ans. The market size of Global Long Steel Marketby2027 is US $ 732.3 Bn. 4] Who are the top key players in the Global Long Steel 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 was the market size of the Global Long Steel Market in 2020? Ans. The market size of the Global Long Steel Market in 2020 was US $ 538.1 Bn.
1. Global Long Steel Market: Research Methodology 2. Global Long Steel Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Long Steel Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Long Steel Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Processors 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Long Steel Market Segmentation 4.1. Global Long Steel Market, by Process Type (2020-2027) • Basic Oxygen Furnace • Electric Arc Furnace 4.2. Global Long Steel Market, by Product Type (2020-2027) • Rebar • Wire Rod • Merchant Bar • Rail • Others 4.3. Global Long Steel Market, by End User (2020-2027) • Construction • Industrial • Others 5. North America Long Steel Market(2020-2027) 5.1. Global Long Steel Market, by Process Type (2020-2027) • Basic Oxygen Furnace • Electric Arc Furnace 5.2. Global Long Steel Market, by Product Type (2020-2027) • Tractors • Combines • Foragers • Balers • Loaders 5.3. Global Long Steel Market, by End User (2020-2027) • Construction • Industrial • Others 5.4. North America Long Steel Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Long Steel Market (2020-2027) 6.1. European Long Steel Market, by Process Type (2020-2027) 6.2. European Long Steel Market, by Product Type (2020-2027) 6.3. European Long Steel Market, by End User (2020-2027) 6.4. European Long Steel Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Long Steel Market (2020-2027) 7.1. Asia Pacific Long Steel Market, by Process Type (2020-2027) 7.2. Asia Pacific Long Steel Market, by Product Type (2020-2027) 7.3. Asia Pacific Long Steel Market, by End User (2020-2027) 7.4. Asia Pacific Long Steel Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Long Steel Market (2020-2027) 8.1. The Middle East and Africa Long Steel Market, by Process Type (2020-2027) 8.2. The Middle East and Africa Long Steel Market, by Product Type (2020-2027) 8.3. The Middle East and Africa Long Steel Market, by End User (2020-2027) 8.4. Middle East and Africa Long Steel Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Long Steel Market (2020-2027) 9.1. Latin America Long Steel Market, by Process Type (2020-2027) 9.2. Latin America Long Steel Market, by Product Type (2020-2027) 9.3. Latin America Long Steel Market, by End User (2020-2027) 9.4. Latin America Long Steel Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. ArcelorMittal 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Gerdau Sa 10.3. Nippon Steel 10.4. Posco 10.5. Nucor Corporation 10.6. China Baowu Steel 10.7. Commercial Metals Company 10.8. Mechel Pao 10.9. Steel Dynamics, Inc. 10.10. Novolipetsk Steel 10.11. Outokumpu Oyj 10.12. Acerinox S.A. 10.13. Tata Steel 10.14. Daido Steel 10.15. Shagang Group 10.16. Ansteel Group 10.17. JFE Steel Corporation 10.18. Evraz Plc 10.19. HBIS Group 10.20. Hyundai Steel 10.21. Steel Authority 10.22. Metinvest Holding LLC 10.23. Severstal Jsc 10.24. Wuhan Iron 10.25. JSW Steel