The market for steel rebar was USD 212.9 billion in 2024, and it is projected to reach USD 268.4 billion by 2030, at a CAGR of 4.0%. Increasing infrastructure development, urban housing projects, and construction of industrial applications have continued to drive the steel rebar market across the globe. While countries are investing in new transportation systems, smart city initiatives, and renewable energy infrastructure, there remains a critical need for structurally sound buildings, including bridges and other essential structures. In earthquake-prone areas, steel rebar is crucial in reinforcing concrete, helping structures better withstand seismic shocks.
Meanwhile, increasing populations and economic growth in emerging economies are accelerating growth in both commercial and residential construction. This surge in building activity boosts demand for high-performance construction materials like rebar. Additionally, technological advancements have led to the creation of rust-resistant, high-strength rebars. These modern options are increasingly favored by engineers and contractors because they provide greater durability and lower long-term maintenance costs, resulting in more resilient and cost-effective construction.
The demand for reliable, high-strength reinforcement products is rising as global infrastructure investment increases and urbanization speeds up, especially in rapidly developing regions such as Asia Pacific, the Middle East, and Africa. Governments and private developers are increasingly requiring deformed rebar to meet new safety standards and performance criteria. Moreover, the introduction of premium products such as thermo-mechanically treated (TMT) bars and corrosion-resistant grades has further driven growth in this segment. Deformed rebar comes in various diameters, grades, and lengths, with many customization options for shipping. Its flexibility allows it to be used in a growing number of markets. Lower costs, construction advantages, and applicability for numerous uses have made the deformed rebar segment the fastest-growing and most resilient part of the steel rebar market.
From large-scale steel production to specialized alloy making like ferrotitanium, manganese, or silicon EAFs can be adapted to a wide range of needs. Whether it is a tilting or fixed type furnace, or even a submerged arc furnace used for ferroalloy production, the technology continues to evolve to meet the demands of both efficiency and sustainability. Countries like Türkiye are embracing EAF technology as they balance industrial growth with environmental responsibility. As the global push for decarbonization continues, EAFs are proving to be more than just a melting tool; they are helping shape a smarter, cleaner steel industry for the future.
Growing applications of circular economy practices and environmental policies to reduce industrial carbon footprints have increased interest in EAF-based production in steel-making. Modern EAF technology allows for greater productivity, lower operational costs, and more consistent steel quality, making it well-suited for manufacturing various rebar grades used in residential, commercial, and infrastructure projects.
The process is also catching on in other countries, including the US, India, and parts of Europe, where policies and investments are aimed at low-carbon steelmaking. While green building standards and ESG criteria continue to gain influence, the EAF segment is anticipated to gain more ground, producing the fastest growth rate for all steel rebar producing processes in the forecast period.
The world's largest steel producer, China, is still financing both domestic and foreign infrastructure with programs such as the Belt and Road Initiative. India is quickly emerging as a major growth engine in the global steel rebar market, not only through its rising Direct Reduced Iron (DRI) capacity but also due to ambitious government-led programs. Initiatives like the Pradhan Mantri Awas Yojana (PMAY), Smart Cities Mission, and PM Gati Shakti are fueling massive demand for steel rebar across housing and infrastructure sectors.
This surge in domestic construction is being mirrored across Southeast Asia, where countries are attracting foreign investments in industrial zones, transport corridors, and logistics hubs, all of which are driving steady increases in rebar consumption. The region’s competitive advantages, such as access to raw materials, relatively low labor costs, and growing steelmaking capacity, further strengthen its position. As the need for earthquake-resistant and high-strength construction materials rises, particularly in developing economies, Asia Pacific is expected to lead the global steel rebar market with the highest growth rate over the coming years.
Meanwhile, increasing populations and economic growth in emerging economies are accelerating growth in both commercial and residential construction. This surge in building activity boosts demand for high-performance construction materials like rebar. Additionally, technological advancements have led to the creation of rust-resistant, high-strength rebars. These modern options are increasingly favored by engineers and contractors because they provide greater durability and lower long-term maintenance costs, resulting in more resilient and cost-effective construction.
By type, the deformed segment accounted for the highest CAGR during the forecast period
Deformed steel rebar is projected to register the highest CAGR, as it possesses better tensile strength, handles stress more effectively, and is suitable for use in various construction industries. Corrugated rebar has surface ribs or ridges to improve the bond with the concrete. This increases the strength of the bond between the concrete and steel, and hence the load capacity of the agent. So the material is very appropriate for high buildings, high-speed ways, bridges, tunnels, and earthquake-resistant buildings.The demand for reliable, high-strength reinforcement products is rising as global infrastructure investment increases and urbanization speeds up, especially in rapidly developing regions such as Asia Pacific, the Middle East, and Africa. Governments and private developers are increasingly requiring deformed rebar to meet new safety standards and performance criteria. Moreover, the introduction of premium products such as thermo-mechanically treated (TMT) bars and corrosion-resistant grades has further driven growth in this segment. Deformed rebar comes in various diameters, grades, and lengths, with many customization options for shipping. Its flexibility allows it to be used in a growing number of markets. Lower costs, construction advantages, and applicability for numerous uses have made the deformed rebar segment the fastest-growing and most resilient part of the steel rebar market.
By process, electric arc furnace (EAF) accounted for the highest CAGR during the forecast period
Electric arc furnace (EAF) is projected to record the highest CAGR during the forecast period, because of its sustainability, energy effectiveness, and increasing global focus on decarbonization of steel production. The electric arc furnace (EAF) is becoming an essential part of modern steelmaking, especially in regions where scrap metal is readily available and renewable energy is on the rise. Unlike traditional blast furnaces that rely heavily on coal and iron ore, EAFs use electricity to melt down scrap metal, making the process cleaner, more flexible, and better suited for a low-carbon future.From large-scale steel production to specialized alloy making like ferrotitanium, manganese, or silicon EAFs can be adapted to a wide range of needs. Whether it is a tilting or fixed type furnace, or even a submerged arc furnace used for ferroalloy production, the technology continues to evolve to meet the demands of both efficiency and sustainability. Countries like Türkiye are embracing EAF technology as they balance industrial growth with environmental responsibility. As the global push for decarbonization continues, EAFs are proving to be more than just a melting tool; they are helping shape a smarter, cleaner steel industry for the future.
Growing applications of circular economy practices and environmental policies to reduce industrial carbon footprints have increased interest in EAF-based production in steel-making. Modern EAF technology allows for greater productivity, lower operational costs, and more consistent steel quality, making it well-suited for manufacturing various rebar grades used in residential, commercial, and infrastructure projects.
The process is also catching on in other countries, including the US, India, and parts of Europe, where policies and investments are aimed at low-carbon steelmaking. While green building standards and ESG criteria continue to gain influence, the EAF segment is anticipated to gain more ground, producing the fastest growth rate for all steel rebar producing processes in the forecast period.
Asia Pacific accounted for the highest CAGR during the forecast period.
Among regions, Asia Pacific is estimated to have the fastest CAGR in the steel rebar market during the forecast period, with rapid urbanization, extensive infrastructural and new construction activities, and robust economic growth in emerging economies. Nations like China, India, Indonesia, and Vietnam are seeing an increase in construction projects such as roads, bridges, railways, residential and industrial buildings to accommodate growing urban populations and stimulate economic resilience.The world's largest steel producer, China, is still financing both domestic and foreign infrastructure with programs such as the Belt and Road Initiative. India is quickly emerging as a major growth engine in the global steel rebar market, not only through its rising Direct Reduced Iron (DRI) capacity but also due to ambitious government-led programs. Initiatives like the Pradhan Mantri Awas Yojana (PMAY), Smart Cities Mission, and PM Gati Shakti are fueling massive demand for steel rebar across housing and infrastructure sectors.
This surge in domestic construction is being mirrored across Southeast Asia, where countries are attracting foreign investments in industrial zones, transport corridors, and logistics hubs, all of which are driving steady increases in rebar consumption. The region’s competitive advantages, such as access to raw materials, relatively low labor costs, and growing steelmaking capacity, further strengthen its position. As the need for earthquake-resistant and high-strength construction materials rises, particularly in developing economies, Asia Pacific is expected to lead the global steel rebar market with the highest growth rate over the coming years.
- By Company Type: Tier 1: 40%, Tier 2: 25%, Tier 3: 35%
- By Designation: C Level: 35%, Director Level: 30%, Others: 35%
- By Region: North America: 25%, Europe: 20%, Asia Pacific: 45%, Middle East & Africa: 5%, and South America: 5%.
Companies Covered:
NIPPON STEEL CORPORATION (Japan), ArcelorMittal (Luxemberg), Gerdau S/A (Brazil), Nucor Corporation (US), Commercial Metals Company (US), TATA Steel (India), Steel Authority of India Limited (India), Mechel PAO (Russia), Steel Dynamics, Inc. (US), NLMK Group (Russia), JSW (India), and Baosteel Group Co., Ltd. (China) are some key players in steel rebar Market.Research Coverage
The market study covers the steel rebar market across various segments. It aims to estimate the market size and the growth potential of this market across different segments based on type, process, coating type, bar size, end-use sector, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the steel rebar market.Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall steel rebar market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provide them with information on the key market drivers, challenges, and opportunities.The report provides insights on the following pointers:
- Analysis of key drivers (Urban Mass Transit Expansion in Developing Economies and Resilient Demand from Renewable Energy Infrastructure), restraints (Import Tariffs and Anti-Dumping Measures), opportunities (Green Steel Rebar from Hydrogen-Based DRI and Integration with Precast and Modular Construction), and challenges (Lack of Recycling Infrastructure in Emerging Economies) influencing the growth of the steel rebar market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the steel rebar market
- Market Development: Comprehensive information about profitable markets - the report analyses the steel rebar market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the steel rebar market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Nippon Steel Corporation (Japan), ArcelorMittal (Luxembourg), Gerdau S/A (Brazil),, Nucor Corporation (US), Commercial Metals Company (US), TATA Steel (India), Steel Authority of India Limited (India), Mechel PAO (Russia), Steel Dynamics, Inc. (US), NLMK Group (Russia), JSW (India), and Baosteel Group Co., Ltd. (China) in the steel rebar market. The report also helps stakeholders understand the pulse of the steel rebar market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Steel Rebar Market, by Type
8 Steel Rebar Market, by Process
9 Steel Rebar Market, by Coating Type
10 Steel Rebar Market, by Bar Size
11 Steel Rebar Market, by End-use Sector
12 Steel Rebar Market, by Region
13 Competitive Landscape
14 Company Profiles
15 Adjacent & Related Market
16 Appendix
List of Tables
List of Figures
Companies Mentioned
- Nippon Steel Corporation
- Arcelormittal
- Gerdau S/A
- Nucor Corporation
- Commercial Metals Company
- Tata Steel
- Steel Authority of India Limited
- Mechel Pao
- Steel Dynamics, Inc.
- Nlmk Group
- Jsw
- Baosteel Group Co. Ltd.
- Metinvest
- Pao Severstal
- Byer Steel Corporation
- Daido Steel Co. Ltd.
- Acerinox
- Hyundai Steel
- Jiangsu Shagang Group
- Hbis Group Co. Ltd.
- Evraz PLC
- Swiss Steel Group
- Sunflag Iron and Steel Co. Ltd.
- Outokumpu
- 7 Steel UK
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 291 |
| Published | July 2025 |
| Forecast Period | 2025 - 2030 |
| Estimated Market Value ( USD | $ 212.9 Billion |
| Forecasted Market Value ( USD | $ 268.4 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
