The Turkey & GCC Long Steel Products Market is expected to increase from USD 26,871.1 million in 2024 to USD 66,509.9 million by 2035, with a compound yearly growth rate (CAGR) of 8.6% over the forecast period (2024-2035).
Long steel products are steel materials created in long shapes, such as bars, rods, wire rods, and so on. These goods are widely used in industries like building, manufacturing, electricity, and automobiles. Long steel products are valued in these industries due to their great tensile strength and capacity to handle large loads. These steel goods have a long lifespan and can withstand wear and tear from adverse environments such as moisture, heat, and heavy loads. The production of long steel products includes techniques such as hot rolling, which molds the steel into its long form. These goods are typically made from billets, which are semi-finished forms of steel that are then treated into long shapes.
Market Segment insights
The long steel products market is segmented into four product types: bars, rods (TMT), wire rods, and sections.
The long steel products market is divided into five grades carbon steel, alloy steel, rebar, structural steel, and others.
The long steel products market is divided into three segments based on size (thickness): less than 10 mm, between 10 mm and 50 mm, and more than 50 mm.
The long steel products market is divided into three segments based on size (length): less than 6 meters, 6 to 12 meters, and more than 12 meters.
The long steel products market is divided into four segments based on the production process: basic oxygen furnaces, electric arc furnaces, induction furnaces, and others.
The long steel products market is divided into five segments based on end use: construction, automotive, energy, manufacturing, and other.
Regional insights
The Turkey & GCC Long Steel Products Market is divided by country. The Turkey & GCC Steel Long Products Market is divided into two regions: Turkey and the Gulf. Turkey dominated the market in 2023, accounting for 52.23% of the total.
Major Players
EMSTEEL, SULB, Jindal Shadeed Iron and Steel LLC, Qatar Steel, Erdemir Group, Riyadh Steel Company, Al-Ittefaq Steel Products Company, Colakoglu Metalurji A.S., Tosyali Holding, Hadeed, and Al Rajhi Steel are among the prominent players in the Turkey and GCC Long Steel Products Market.
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