Global Steel Rebars Market to Grow 6.83% CAGR to 2021 – Analysis of ArcelorMittal, EVRAZ, Gerdau, Jiangsu Shagang, Nucor, and Tata Steel

MarketResearchNest.com adds “Global Steel Rebars Market 2017-2021” new reports to its research database. The report spread across 87 pages with tables and figures in it.

The research analysts forecast the global steel rebars market to grow at a CAGR of 6.83% during the period 2017-2021.

Steel rebars, also known as reinforcing bars, are widely used in the construction industry. These are categorized under long products and steel bars. The major function of these bars is to absorb tension in concrete and masonry structures and hold these structures under tension.

Concrete structures do not have proper tension properties. Therefore, to balance, the rebars are placed inside the concrete structure to provide shape and increase the tension capabilities. The rebar is rugged and not smooth; therefore, it helps in the attachment of concrete to the bars.

Get more details about report at https://www.marketresearchnest.com/global-steel-rebars-market-2017-2021.html .

Technavio recognizes the following companies as the key players in the global steel rebars market: ArcelorMittal, EVRAZ, Gerdau, Jiangsu Shagang, Nucor, and Tata Steel

Other Prominent Vendors in the market are: Baosteel, Byer Steel, Celsa Steel, CMC, HBIS GROUP, HYUNDAI STEEL, Jindal Shadeed Iron & Steel, Mechel, NLMK, POSCO SS VINA, Rajhi Steel, Riva Group, SAIL, and SteelAsia.

The latest trend gaining momentum in the market is Increasing use of secondary steel. The major raw materials used in the production of steel are iron ore and steel scrap. The use of steel scrap as a raw material in the production of the steel has increased. The use of iron is being reduced as mining is expensive and the ores of iron are depleting.

Order a Purchase Report Copy at https://www.marketresearchnest.com/purchase.php?reportid=267824 . (This is premium report, Single User License – USD 3500 and Corporate User License – USD 6000)

According to the report, one of the major drivers for this market is Growth of private non-residential sector. The growth of private non-residential sector will be adding to the demand for steel rebars during the forecast period. In 2016, there was a growth of 7% in the private non-residential sector. The major contributors to this growth were the construction of lodging, office space, and business and amusement-related structures.

Further, the report states that one of the major factors hindering the growth of this market is Overproduction capacity of steel in global scenario. One of the main challenges faced by the global steel manufacturers is the excess production capacity in the steel industry and low demand for the product. These factors result in lowering of the price, thereby affecting the bottom-line of the company. The Organisation for Economic Co-operation and Development (OECD) steel committee has been keeping a check on the excess production capacity and is trying to frame policies by providing adequate data to the manufacturing units in terms of steel production, so they can curtail some production to maintain the balance in demand and supply.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Inquire before buying this report at https://www.marketresearchnest.com/enquirybuy.php?reportid=267824 .

MarketResearchNest.com is the most comprehensive collection of market research products and services on the Web. We offer reports from almost all top publishers and update our collection on daily basis to provide you with instant online access to the world’s most complete and recent database of expert insights on global industries, organizations, products, and trends.

Mr. Jeet Jain
Sales Manager
sales@marketresearchnest.com
+1-240-284-8070 / +44-20-3290-4151

This release was published on openPR.