Steel Rebars

Global Steel Rebars Market to Reach US$374.7 Billion by 2030

The global market for Steel Rebars estimated at US$285.7 Billion in the year 2024, is expected to reach US$374.7 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2024-2030. Deformed Steel Rebars, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$279.1 Billion by the end of the analysis period. Growth in the Mild Steel Rebars segment is estimated at 3.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.1 Billion While China is Forecast to Grow at 5.4% CAGR

The Steel Rebars market in the U.S. is estimated at US$9.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$174.1 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global Steel Rebars Market - Key Trends & Drivers Summarized

Why Are Steel Rebars Essential in Construction?

Steel rebars, or reinforcing bars, are crucial components in the construction industry, providing the tensile strength necessary to support concrete structures. Concrete, while strong in compression, is weak in tension, making the inclusion of steel rebars essential for enhancing its load-bearing capacity. Rebars are used in a variety of construction applications, from residential buildings to large infrastructure projects like bridges, highways, and skyscrapers. Their ability to absorb and distribute stresses helps prevent cracking and structural failures, ensuring the longevity and safety of concrete constructions. The widespread use of steel rebars underpins the stability and durability of modern architectural and civil engineering projects.

What Are the Material and Performance Benefits of Steel Rebars?

Steel rebars offer several material and performance benefits that make them indispensable in construction. They possess high tensile strength, which complements the compressive strength of concrete, creating a composite material capable of withstanding various stresses. Steel rebars also exhibit excellent ductility, allowing structures to absorb and dissipate energy during seismic events, thereby enhancing earthquake resistance. Furthermore, they are available in various grades and sizes, providing flexibility in design and application. Advances in steel production technologies have led to the development of high-strength rebars with improved corrosion resistance, extending the lifespan of concrete structures, especially in harsh environmental conditions.

How Is Technology Improving the Production and Use of Steel Rebars?

Technological advancements are continuously improving the production and use of steel rebars, enhancing their performance and sustainability. Innovations in steelmaking processes, such as the use of electric arc furnaces (EAF) and continuous casting, have increased the efficiency and quality of rebar production. The development of microalloyed and thermomechanically treated (TMT) rebars has resulted in products with superior mechanical properties and enhanced corrosion resistance. Additionally, the implementation of automated and robotic systems in rebar manufacturing and placement has increased precision and reduced labor costs. These technological improvements are contributing to more reliable and durable construction projects, supporting the growth of the steel rebar market.

What Factors Are Driving the Growth in the Steel Rebars Market?

The growth in the steel rebars market is driven by several factors. The increasing urbanization and infrastructure development, particularly in emerging economies, are major drivers. The demand for high-strength and durable construction materials is boosting the adoption of advanced steel rebars. Technological advancements in rebar production and installation are also enhancing market growth by improving product quality and reducing costs. Additionally, the growing focus on sustainable construction practices is driving the demand for corrosion-resistant and recyclable rebars. The ongoing investments in infrastructure projects and the need for resilient buildings in seismic zones are further propelling the market. These factors collectively ensure the sustained growth of the steel rebars market.

SCOPE OF STUDY:

The report analyzes the Steel Rebars market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Deformed Steel Rebars, Mild Steel Rebars); Process (Basic Oxygen Steelmaking Process, Electric Arc Furnace Process); End-Use (Infrastructure End-Use, Residential & Commercial End-Use, Industrial End-Use)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Turkey; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

Select Competitors (Total 73 Featured) -

• ArcelorMittal S.A.
• Celsa Steel (UK) Ltd., a part of Celsa Group
• Commercial Metals Company
• Daido Steel Co., Ltd.
• Gerdau S/A
• HYUNDAI STEEL
• Jiangsu Shagang Group Co., Ltd.
• Nucor Corporation
• Steel Authority of India Limited
• Steel Dynamics, Inc.
• Tata Steel Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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