Long Steel Market worth $679.80 billion by 2030, growing at a CAGR of 4.78% - Exclusive Report by 360iResearch

The "Long Steel Market by Product (Merchant Bar, Rebar, Wire Rod), Process (Basic Oxygen Furnace, Electric Arc Furnace), End-user - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Long Steel Market to grow from USD 490.03 billion in 2023 to USD 679.80 billion by 2030, at a CAGR of 4.78%.

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Long steel refers to steel products with longer lengths and lower diameters compared to flat steel products. Long steel is used to construct heavy-duty infrastructures, various industrial applications, and equipment. Long steel products made from blooms and billets are available in multiple grades and sizes depending on the application. The rising public and private infrastructure activities in several states and nations across the United States are generating higher demand for long steel products that provide extensive tensile strength to construction projects. Furthermore, the government initiatives for developing smart city projects, which include constructing new buildings, roads, and bridges, create a demand for long steel in the country. Along with the several benefits of long steel products, some manufacturing defects cause the deformation of finished products, producing defective products. The fluctuating price of raw materials, higher crude oil prices, and rising freight charges further limit the growth of the U.S. long steel market. The initiatives and robust research activities by major U.S. steel manufacturers to develop corrosion-free and weather-resistant long steel products are expected to raise the adoption of long steel products.

The long steel market in the United States is evolving, owing to the advancement of various sectors such as construction, infrastructure development, transportation, and manufacturing. The United States has witnessed a growing emphasis on developing smart cities characterized by advanced infrastructure, sustainable practices, and the integration of digital technologies. This trend has increased demand for long steel products in areas such as intelligent transportation systems, smart grids, and smart buildings. Government initiatives and private financing have played a crucial role in supporting these smart city projects, driving the demand for long steel in the market. In response to the need for durable and sustainable construction materials, ongoing research and development efforts are focused on developing corrosion-free and weather-resistant long steel. These advancements aim to enhance the lifespan of structures, reduce maintenance costs, and improve overall infrastructure resilience. Integrating new alloys and coatings into long steel products holds promising potential for the market, particularly in regions prone to harsh weather conditions and coastal areas susceptible to corrosion.

Market Segmentation & Coverage:

This research report categorizes the Long Steel Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Merchant Bar, Rebar, and Wire Rod. The Merchant Bar is projected to witness significant market share during forecast period.

Based on Process, market is studied across Basic Oxygen Furnace and Electric Arc Furnace. The Basic Oxygen Furnace is projected to witness significant market share during forecast period.

Based on End-user, market is studied across Building & Construction and Industrial. The Building & Construction is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Long Steel Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Long Steel Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Long Steel Market, highlighting leading vendors and their innovative profiles. These include A-1 Alloys, Inc., American Bar Products, ArcelorMittal S.A., BlueScope Steel Limited, Brown Strauss, Inc., Charter Manufacturing Company, Inc., Commercial Metals Company,, Continental Steel & Tube Co., Delta Steel, Inc., Eaton Steel Bar Company, Hyundai Steel Company, JSW Group, Nippon Steel Corporation, Nucor Corporation, O'Neal Steel LLC, Olympic Steel, Inc., POSCO, Reliance Steel & Aluminum Co., Republic Steel, Round Ground Metals, Inc., Schnitzer Steel Industries, Inc., Steel Dynamics, Inc., Sugar Steel Corporation, Swiss Steel Holding AG, Ternium S.A., TimkenSteel Corporatio, United States Steel Corporation, and Valbruna S.p.A..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Long Steel Market, by Product
7. Long Steel Market, by Process
8. Long Steel Market, by End-user
9. Americas Long Steel Market
10. Asia-Pacific Long Steel Market
11. Europe, Middle East & Africa Long Steel Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Long Steel Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Long Steel Market?
3. What is the competitive strategic window for opportunities in the Long Steel Market?
4. What are the technology trends and regulatory frameworks in the Long Steel Market?
5. What is the market share of the leading vendors in the Long Steel Market?
6. What modes and strategic moves are considered suitable for entering the Long Steel Market?

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