Press release
Long Steel Market Hit a CAGR of 4.1% to Reach $731,934 Million by 2030
Long Steel Market
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The global long steel market size was valued at $476,213 million in 2020, and is projected to reach $731,934 million by 2030, registering a CAGR of 4.1% from 2021 to 2030.
Long steel is an important component of the building and construction industry, and its market is expanding as demand from the infrastructure and construction industries grows. Builders and construction organizations are increasingly using it to construct buildings and other infrastructure projects. The long steel industry offers fresh prospects for growth due to new metro rail projects, dedicated freight lanes, and the repair and upgrading of highway and railway bridges.
Key Market Players
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.
Votorantim S.A.
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Key Market Segmentation
By Process
Basic Oxygen Furnace
Electric Arc Furnace
By Product Type
Rebar
Wire Rod
Merchant Bar
Others
By Application
Construction
Industrial
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
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