The Steel Rebar Market size is estimated at 136.89 Million tons in 2024, and is expected to reach 180.95 Million tons by 2029, growing at a CAGR of 5.74% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, production halts, and labor unavailability have negatively impacted the steel rebar market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
The Steel Rebar market is partially fragmented in nature. The major players in this market (not in a particular order) include ArcelorMittal, Gerdau S/A, Nucor Corporation, Mechel, and SAIL, among others.
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