Global Long Steel Market Size Study, by Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, Wire Rod, Rail), End Use Industry (Construction, Infrastructure, Others), and Regional Forecasts 2022-2032

Global Long Steel Market Size Study, by Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, Wire Rod, Rail), End Use Industry (Construction, Infrastructure, Others), and Regional Forecasts 2022-2032

The global Long Steel market, valued at approximately USD 591.09 billion in 2023, is anticipated to expand with a compound annual growth rate (CAGR) of 3.90% over the forecast period 2024-2032. Long steel products, including rebar, wire rod, and rails, are pivotal to the infrastructure and construction industries due to their strength and durability. The market is driven by surging investments in infrastructure development, urbanization, and industrialization globally, which are boosting the demand for high-strength and sustainable construction materials.

The construction sector’s escalating demand for rebar and other long steel products has been a primary catalyst for market growth. Additionally, the expansion of transportation networks has augmented the use of rails and wire rods. While the basic oxygen furnace remains a dominant manufacturing process, the adoption of electric arc furnaces is gaining traction due to their energy efficiency and lower carbon emissions. Despite facing challenges like fluctuating raw material prices and environmental regulations, the market benefits from advancements in steel recycling technologies and the rising inclination toward sustainable construction practices.

Regionally, Asia Pacific leads the global Long Steel market, driven by rapid urbanization, significant infrastructure investments, and robust construction activities in countries like China and India. North America and Europe also hold substantial shares, supported by established infrastructure and a focus on modernization projects. Meanwhile, emerging economies in Latin America and the Middle East & Africa are experiencing steady growth, spurred by increasing industrialization and urban expansion.

Major market players included in this report are:
• ArcelorMittal
• Tata Steel Limited
• Nippon Steel Corporation
• POSCO
• Nucor Corporation
• Gerdau S.A.
• JFE Steel Corporation
• Hyundai Steel
• United States Steel Corporation
• Steel Authority of India Limited (SAIL)
• China Baowu Steel Group Corporation Limited
• JSW Steel Ltd
• Evraz Group
• Liberty Steel Group
• CMC Commercial Metals Company

The detailed segments and sub-segment of the market are explained below:

By Process
• Basic Oxygen Furnace
• Electric Arc Furnace

By Product Type
• Rebar
• Merchant Bar
• Wire Rod
• Rail

By End Use Industry
• Construction
• Infrastructure
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Comprehensive market estimates and forecasts for the period 2022-2032.
• Detailed segmental and regional analysis to identify key growth opportunities.
• Insights into market drivers, challenges, and emerging trends.
• Strategic profiling of leading companies and their initiatives in the Long Steel market.
• A forward-looking analysis of innovations and sustainable practices shaping the industry.

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