The long steel market has witnessed significant growth in the past decade, due to rise in infrastructure and construction sectors such as railways, bridges, and plants. A number of players in the long steel industry are expanding their business and acquiring companies to strengthen their foothold in the global market

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.

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Growth of the construction sector in the residential and commercial sectors has led to a favorable market for long steel goods in order to fulfil the need for housing from a fast-increasing population. Furthermore, new construction industry trends such as Lean Construction, Building Information Modeling (BIM), and Green Buildings have expanded the importance of prefabrication and modularization in construction, driving the demand for the long steel market or long steel goods market higher. 

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 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., and Votorantim S.A.

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Key Market Segments

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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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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