The global long steel market size is expected to reach USD 701.69 Billion at a steady CAGR of 3.6% in 2028, according to latest analysis by Emergen Research. Increasing global long steel market revenue growth can be attributed to rapid growth of the construction industry due to surging demand due to increasing industrialization and urbanization, particularly in developing countries. Long steel products are used in the construction industry for installations, foundations, and supports required in buildings, as well as for columns, paneling, and walls, among other construction applications. Long steel products such as rebars are highly reliable as structural application materials. Steel rebars are essential in construction of impact-resistant structures for more modernized residential, commercial, and industrial buildings.

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The report concludes with a panoramic view of the global Long Steel industry, which comprises the salient global and regional market aspects, supported by key statistical data and industry-verified facts. It thoroughly examines the market size, share, and volume existing throughout the historical years (2018-2019) in order to forecast the same for the projected years (2021-2028). Furthermore, the report studies a wide array of growth prospects and threats and challenges that are poised to influence the performance of the key market players in the near future.

Market Segmentation by Key Player:

Nucor Corporation, Gerdau SA, Tata Steel Limited, Steel Dynamics Inc., ArcelorMittal SA, POSCO, Ansteel Group Corporation Limited, Nippon Steel Corporation, Mechel PAO, and Acerinox SA.

Some Key Highlights From the Report

• In December 2019, Gerdau Aços Longos, which is a subsidiary of Gerdau SA, announced the acquisition of Silat (Siderúrgica Latino Americana), which is a company manufacturing long steel products. The annual manufacturing capacity of Silat is 600,000 tons of products made of long steel, comprising primarily wire rods and rebars.
• Deployment of electric arc furnaces for steel production is rapidly gaining traction among steel manufacturing companies. Electric arc furnaces find use for smelting of high-quality steel and various other special steels. The production process enables production of a range of steel grades with low capital outlay, and melting processes can be automated, thereby offering high flexibility and efficiency.
• Wire rods find application mostly for producing wires and deployed in engineering, aviation, and reinforcing concrete structures. For instance, steel wire rods are used in the production of reinforcement cages and to produce round, rectangular, or square assembly clamps. Reinforcing cages are used to reinforce girders, monolithic columns, cross-tops, belts, and lintel strip foundations.

Long Steel Market Segmentation:

Emergen Research has segmented the global long steel market on the basis of production process, product type, application, distribution channel, and region:

• Production Process Outlook (Revenue, USD Billion; 2018–2028)
  • Electric Arc Furnace
  • Basic Oxygen Furnace
• Product Type Outlook (Revenue, USD Billion; 2018–2028)
  • Wire Rod
  • Rebar
  • Rail
  • Merchant Bar
  • Others
• Application Outlook (Revenue, USD Billion; 2018–2028)
  • Industrial
  • Construction
  • Railways
  • Others
• Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
  • Direct
  • Indirect

Key geographical regions analyzed in the report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key points covered in the report:

• The report provides the reader with a detailed study of the global Long Steel market, including essential data beneficial for business.
• The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
• A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
• It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Long Steel Market Segmentation & Impact Analysis
    4.1. Long Steel Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers’ analysis
                    4.2.2.1. Surging urbanization rate
                    4.2.2.2. Growing focus on infrastructure development
                    4.2.2.3. Growth of the automotive industry
                    4.2.2.4. Rising disposable income
          4.2.3. Market restraints analysis 
                    4.2.3.1. Fluctuating price of raw materials
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

READ MORE…!

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