Long Steel Market by Product (Merchant Bar, Rebar, Wire Rod), Process (Basic Oxygen Furnace, Electric Arc Furnace), End-user - Global Forecast 2024-2030

Long Steel Market by Product (Merchant Bar, Rebar, Wire Rod), Process (Basic Oxygen Furnace, Electric Arc Furnace), End-user - Global Forecast 2024-2030


The Long Steel Market size was estimated at USD 490.03 billion in 2023 and expected to reach USD 512.82 billion in 2024, at a CAGR 4.78% to reach USD 679.80 billion by 2030.

Global Long Steel Market 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.Regional InsightsThe 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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Long Steel Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Long Steel Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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..

Market Segmentation & Coverage

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

Product
Merchant Bar

Rebar

Wire Rod

Process
Basic Oxygen Furnace

Electric Arc Furnace

End-user
Building & Construction

Industrial

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Long Steel Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Long Steel Market?
3. What are the technology trends and regulatory frameworks in the Long Steel Market?
4. What is the market share of the leading vendors in the Long Steel Market?
5. Which modes and strategic moves are suitable for entering the Long Steel Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Long Steel Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing number of airport projects and high usage in the construction industry
5.1.1.2. Upsurge in smart city projects supported by government and private financing
5.1.2. Restraints
5.1.2.1. Fluctuating demand and cost of raw materials used in long steel manufacturing
5.1.3. Opportunities
5.1.3.1. Ongoing research to develop corrosion free and weather resistance long steel
5.1.4. Challenges
5.1.4.1. Concern of deformation and defects during production of long steel
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Long Steel Market, by Product
6.1. Introduction
6.2. Merchant Bar
6.3. Rebar
6.4. Wire Rod
7. Long Steel Market, by Process
7.1. Introduction
7.2. Basic Oxygen Furnace
7.3. Electric Arc Furnace
8. Long Steel Market, by End-user
8.1. Introduction
8.2. Building & Construction
8.3. Industrial
9. Americas Long Steel Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Long Steel Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.
10. South Korea
10.
11. Taiwan
10.
12. Thailand
10.
13. Vietnam
11. Europe, Middle East & Africa Long Steel Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.
10. Nigeria
11.
11. Norway
11.
12. Poland
11.
13. Qatar
11.
14. Russia
11.
15. Saudi Arabia
11.
16. South Africa
11.
17. Spain
11.
18. Sweden
11.
19. Switzerland
11.
20. Turkey
11.
21. United Arab Emirates
11.
22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. New Product Launch & Enhancement
12.3.1.1. Schnitzer Announces the Launch of GRN SteelTM Products
12.3.2. Investment & Funding
12.3.2.1. ArcelorMittal invests USD 120 million in US company to make ‘green steel’
12.3.3. Award, Recognition, & Expansion
12.3.3.1. JSW Steel USA to invest USD 145 million to upgrade manufacturing operations
12.3.3.2. Nucor to build USD 350M rebar steel mill in North Carolina
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. A-1 Alloys, Inc.
13.1.2. American Bar Products
13.1.3. ArcelorMittal S.A.
13.1.4. BlueScope Steel Limited
13.1.5. Brown Strauss, Inc.
13.1.6. Charter Manufacturing Company, Inc.
13.1.7. Commercial Metals Company,
13.1.8. Continental Steel & Tube Co.
13.1.9. Delta Steel, Inc.
13.1.
10. Eaton Steel Bar Company
13.1.
11. Hyundai Steel Company
13.1.
12. JSW Group
13.1.
13. Nippon Steel Corporation
13.1.
14. Nucor Corporation
13.1.
15. O'Neal Steel LLC
13.1.
16. Olympic Steel, Inc.
13.1.
17. POSCO
13.1.
18. Reliance Steel & Aluminum Co.
13.1.
19. Republic Steel
13.1.
20. Round Ground Metals, Inc.
13.1.
21. Schnitzer Steel Industries, Inc.
13.1.
22. Steel Dynamics, Inc.
13.1.
23. Sugar Steel Corporation
13.1.
24. Swiss Steel Holding AG
13.1.
25. Ternium S.A.
13.1.
26. TimkenSteel Corporatio
13.1.
27. United States Steel Corporation
13.1.
28. Valbruna S.p.A.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. LONG STEEL MARKET RESEARCH PROCESS
FIGURE 2. LONG STEEL MARKET SIZE, 2023 VS 2030
FIGURE 3. LONG STEEL MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. LONG STEEL MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. LONG STEEL MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. LONG STEEL MARKET DYNAMICS
FIGURE 7. LONG STEEL MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. LONG STEEL MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. LONG STEEL MARKET SIZE, BY PROCESS, 2023 VS 2030 (%)
FIGURE 10. LONG STEEL MARKET SIZE, BY PROCESS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. LONG STEEL MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. LONG STEEL MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES LONG STEEL MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES LONG STEEL MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. LONG STEEL MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. LONG STEEL MARKET SHARE, BY KEY PLAYER, 2023

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