Global Long Steel Products Market Size, Share & Trends Analysis Report by Product (Rebars, Wire Rods, Sections, Tubes), End-use (Building & Construction, Automotive & Aerospace, Railways & Highway), Region, and Segment Forecasts, 2024-2030

Report
117 Pages
November 2023
Region: Global
Grand View Research
ID: 5786705

The global long steel products market size is expected to reach USD 1,012.11 billion by 2030, expanding at a CAGR of 5.1% from 2024 to 2030, according to the report.. Products such as rebars and wire rodsare of vital importance in today’s world with their growing emphasis in the building and construction industry.

Based on product, the market is segmented into rebars, wire rods, sections, and tubes, of which rebars are extensively used in the construction of infrastructure and buildings. Wire rods are manufactured by drawing hot metals through shafts to develop wires with reduced diameters. Wire rods represent the most ductile form owing to their high ductility and easy availability in different diameters. They are widely used in construction and fencing applications which is positively impacting their growth.

Based on region, Asia Pacific is one of the leading markets in the world. The growth is attributable to China which is the largest producer and consumer of long steel products in the Asia Pacific. Other major markets in the region include Japan, South Korea, India, and Southeast Asian countries such as Indonesia, Vietnam, and Thailand. In recent years, the Asia Pacific market has faced challenges due to a global oversupply of raw materials, increased competition from other steel-producing countries, and the impact of the COVID-19 pandemic on the region's economies.

Further, various growth strategies such as new product development and capacity expansions by the market players are likely to benefit the industry growth. For instance, in February 2023, ArcelorMittal introduced a new blast oxygen furnace LD (Linz-Donawitz) converter in Bosnia with a capacity of 125 tons. This converter has been supplied by Primetals Technologies. Thus, this investment ramps up the production and processing of steel into billets, bars, blooms, and ingots.

Long Steel Products Market Report Highlights

Based on product, rebars held a revenue share of more than 34.0% in 2023 of the global market. Rebars are embedded in the concrete or used along with it so that the concrete can withstand the compressive forces in the structure and sustain against the tensile forces formed in the structure. The demand for rebars is expected to propel in developing nations owing to the growing construction activities
In terms of revenue, wire rods is anticipated to register a CAGR of 5.9% across the forecast period owing to their rising use in the automotive industry
Asia Pacific accounted for the highest share of over 66.0% in 2023, in terms of revenue, and this trend is anticipated to continue over the forecast period. As the region is characterized by a growing population and surging housing requirements, countries such as China and India, are witnessing an increasing number of residential construction projects. This is expected to result in significant product demand in the Asia Pacific in the coming years
The market is characterized by intense competition. Various of players are entering into long term supply contracts with end-users. ArcelorMittal, Emirates Steel Arkan and Emirates Rebar Limited are among the leading players of the market in the world

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Research Methodology
1.4. Research Scope and Assumptions
1.5. Information Procurement
1.5.1. Purchased database
1.5.2. Internal database
1.5.3. Secondary Sources
1.5.4. Third Party Perspective
1.5.5. Primary Research
1.6. Information Analysis
1.6.1. Data Analysis Models
1.7. Market Formulation and Data Visualization
1.8. Data Validation and Publishing

Chapter 2. Executive Summary

2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook

Chapter 3. Market Variables, Trends & Scope

3.1. Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.3.1. Raw Material Trends
3.4. Technology Trends
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Market Opportunities
3.6.4. Industry Challenges
3.7. Industry Analysis - Porter’s
3.8. PESTEL Analysis

Chapter 4. Long Steel Products Market: Product Estimates & Trend Analysis

4.1. Definition & Scope
4.2. Product Movement Analysis & Market Share, 2023 & 2030
4.3. Rebars
4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.4. Wire Rods
4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.5. Sections
4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.6. Tubes
4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5. Long Steel Products Market: End-use Estimates & Trend Analysis

5.1. Definition & Scope
5.2. End-Use Movement Analysis & Market Share, 2023 & 2030
5.3. Building & Construction
5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4. Automotive & Aerospace
5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5. Railways & Highway
5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6. Others
5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6. Long Steel Products Market: Regional Estimates & Trend Analysis

6.1. Regional Snapshot
6.2. Regional Movement Analysis & Market Share, 2023 & 2030
6.3. North America
6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.3.4. U.S.
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.3.5. Canada
6.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.3.6. Mexico
6.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.4. Europe
6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.4.4. Germany
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.4.5. France
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.4.6. Italy
6.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.4.7. Russia
6.4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.7.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.5. Asia Pacific
6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.5.4. China
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.5.5. India
6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.5.6. Japan
6.5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.5.7. Indonesia
6.5.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.7.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.5.8. Philippines
6.5.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.8.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.8.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.5.9. Singapore
6.5.9.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.9.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.9.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.5.10. Thailand
6.5.10.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.10.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.10.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.5.11. Malaysia
6.5.11.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.11.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.11.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.6. Central & South America
6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.6.4. Brazil
6.6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.6.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.7. Middle East
6.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.7.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.7.4. Bahrain
6.7.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.7.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.7.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.7.5. Kuwait
6.7.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.7.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.7.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.7.6. Oman
6.7.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.7.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.7.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.7.7. Qatar
6.7.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.7.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.7.7.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.7.8. Saudi Arabia
6.7.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.7.8.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.7.8.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.7.9. UAE
6.7.9.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.7.9.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.7.9.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.8. Africa
6.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.8.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.8.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.8.4. Ethiopia
6.8.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.8.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.8.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.8.5. Tanzania
6.8.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.8.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.8.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.8.6. Mozambique
6.8.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.8.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.8.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.8.7. Rwanda
6.8.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.8.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.8.7.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.8.8. Zimbabwe
6.8.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.8.8.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.8.8.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
6.8.9. Kenya
6.8.9.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.8.9.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.8.9.3. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)

Chapter 7. Competitive Analysis

7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company /Competition Categorization
7.3. Heat Map Analysis
7.4. Vendor Landscape
7.4.1. List of Prospective End-Users
7.4.2. List of Raw Material Suppliers/Distributors
7.5. Strategy Mapping
7.6. Company Profiles/Listing
7.6.1. Emirates Steel Arkan
7.6.1.1. Company Overview
7.6.1.2. Financial Performance
7.6.1.3. Product Benchmarking
7.6.2. Al-Rasheed Steel
7.6.2.1. Company Overview
7.6.2.2. Financial Performance
7.6.2.3. Product Benchmarking
7.6.3. Arabian Gulf Steel Industries (AGCI)
7.6.3.1. Company Overview
7.6.3.2. Product Benchmarking
7.6.4. ArcelorMittal
7.6.4.1. Company Overview
7.6.4.2. Financial Performance
7.6.4.3. Product Benchmarking
7.6.5. Emirates Rebar Limited
7.6.5.1. Company Overview
7.6.5.2. Financial Performance
7.6.5.3. Product Benchmarking
7.6.6. Hamriyah Steel
7.6.6.1. Company Overview
7.6.6.2. Financial Performance
7.6.6.3. Product Benchmarking
7.6.7. Jindal Shadeed Steel
7.6.7.1. Company Overview
7.6.7.2. Financial Performance
7.6.7.3. Product Benchmarking
7.6.8. Rajhi Steel Industries
7.6.8.1. Company Overview
7.6.8.2. Product Benchmarking
7.6.9. RAK Steel
7.6.9.1. Company Overview
7.6.9.2. Product Benchmarking
7.6.10. Star International Steel
7.6.10.1. Company Overview
7.6.10.2. Product Benchmarking
7.6.11. Union Iron and Steel
7.6.11.1. Company Overview
7.6.11.2. Product Benchmarking
7.6.12. United Gulf Steel
7.6.12.1. Company Overview
7.6.12.2. Product Benchmarking
7.6.13. Watania Steel Factory
7.6.13.1. Company Overview
7.6.13.2. Financial Performance
7.6.13.3. Product Benchmarking

List of Tables

Table 1 Long steel products market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 2 Long steel product prices in Asia Pacific, 2018 - 2022 (USD per ton)
Table 3 Long steel product prices in Middle East, 2018 - 2022 (USD per ton)
Table 4 Long steel product prices in Africa, 2018 - 2022 (USD per ton)
Table 5 Long steel products production in Asia Pacific, 2018 - 2022 (Kilotons)
Table 6 Long steel products production in Middle East, 2018 - 2022 (Kilotons)
Table 7 Steel rebar exports , 2017 - 2021, by country (Kilotons)
Table 8 Steel rebar exports, 2017 - 2021, by country (USD Million)
Table 9 Steel rebar imports, 2017 - 2021, by country (Kilotons)
Table 10 Steel rebar imports, 2017 - 2021, by country (USD Million)
Table 11 Steel wire rod exports , 2017 - 2021, by country (Kilotons)
Table 12 Steel wire rod exports , 2017 - 2021, by country (USD Million)
Table 13 Steel wire rod imports , 2017 - 2021, by country (Kilotons)
Table 14 Steel wire rod imports , 2017 - 2021, by country (USD Million)
Table 15 Major ports in GCC and Asia
Table 16 Travel duration between popular ports in GCC
Table 17 Long steel products market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 18 Long steel products market estimates and forecast, by product, 2018 - 2030 (Kilotons)
Table 19 Long Steel Products Market Estimates and Forecasts, by End Use, 2018 - 2030 (Kilotons)
Table 20 Long Steel Products Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
Table 21 ASEAN long steel products, import-export, 2020 - 2021 (Million Tons)
Table 22 Recent Developments & Impact Analysis, by Key Market Participant
Table 23 Company Heat Map Analysis, 2022

List of Figures

Fig. 1 Global long steel products market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation & data validation
Fig. 5 Data validating & publishing
Fig. 6 Long steel products market snapshot
Fig. 7 Long steel products market, by product & end use segments, 2022 (USD Billion)
Fig. 8 Long steel products market - Competitive outlook
Fig. 9 Global Steel Market, 2022 (USD Billion)
Fig. 10 Value chain analysis
Fig. 11 Global iron ore prices, January 2022 - January 2023 (USD per Ton)
Fig. 12 Global crude steel production, January 2022 - December 2022 (Million Tons)
Fig. 13 Global crude steel production, 2017 - 2023 YTD (Million Tons)
Fig. 14 Saudi Arabia ferrous scrap prices, 2016 - 2022 (USD per ton)
Fig. 15 UAE ferrous scrap prices, 2016 - 2022 (USD/Ton)
Fig. 16 Government construction spending in UAE, 2018 - 2021 (USD Billion)
Fig. 17 Construction spending in Saudi Arabia, 2017 - 2021 (USD Billion)
Fig. 18 UAE long steel products prices, 2016 - 2022 (USD per ton)
Fig. 19 GCC steel billet price trend, 2018 - 2022 (USD per ton)
Fig. 20 Long steel products market, by product: Key takeaways
Fig. 21 Long steel products market, by product: Market share, 2023 & 2030 (Volume)
Fig. 22 Long steel products market, by end use: Key takeaways
Fig. 23 Long steel products market share, by end use, 2023 & 2030 (Revenue)
Fig. 24 Long steel products market revenue share: Regional analysis, 2023 & 2030

Companies Profiled

Emirates Steel Arkan
Al-Rasheed Steel
Arabian Gulf Steel Industries (AGCI)
ArcelorMittal
Emirates Rebar Limited
Hamriyah Steel
Jindal Shadeed Steel
Rajhi Steel Industries
RAK Steel
Star International Steel
Union Iron and Steel
United Gulf Steel

Watania Steel Factory

Methodology

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Table Information

Report Attribute	Details
No. of Pages	117
Published	November 2023
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 705.53 Billion
Forecasted Market Value ( USD ) by 2030	$ 1012.11 Billion
Compound Annual Growth Rate	5.1%
Regions Covered	Global
No. of Companies Mentioned	12

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Long Steel Products Market Report Highlights

Table of Contents

Companies Profiled

Methodology

Table Information

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