Long Steel Market By Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, SBQ steel bars, Wire Rod, Rail) End-Use Industry (Construction, Infrastructure, Capital Goods, Automotive, Aerospace, Others), and By Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Trends and Forecasts 2021 to 2027

Date : Jan 2021

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Report ID : 30

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Category : Metals and Mining

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Report Format:  PDF EXCEL PPT WORD

Long Steel Market Report Overview  

The Global Long Steel Market was valued at USD 537.1 Bn in 2020 and is expected to reach USD 712.2 Bn by 2027 and is expanding at a CAGR of 4.1% during the forecast period. In the steel industry terminology of long steel products is used for products like steel wire, steel rod, rail, and bars. Long Steel is an integral part of the building and construction industry, its market is growing on account of increasing demand from the infrastructure and construction industry. It is increasingly being adopted by builders and construction companies for constructing buildings and other infrastructure projects. Growth of the construction industry in the residential and commercial sector, primarily in the Asia Pacific, in order to meet the demand for housing from a rapidly growing population and has also led to favorable market of long steel products. Also, new trends in the construction industry such as Lean Construction, Building Information Modelling (BIM), and Green Buildings have increased the role of prefabrication and modularization in construction further driving growth in the demand for the Long Steel market or long steel products market.

Long Steel Market

The long steel market has new opportunities for growth on account of new metro rail projects, dedicated freight corridors, and replacement and upgradation of highway and railway bridges.

The automotive industry is increasingly adopting Long Steel products such as SBQ steel in products such as gears, shafts, axles, drive trains, and suspensions.  Other industries adopting long steel products include capital goods, aerospace, and railways. Key submarkets in the long steel products market include the head hardened rails market and the SBQ steel market. These are witnessing higher CAGR trends as compared with others.

The research report analyses the ecosystem of Long Steel and categorizes the Long Steel Market or long steel products market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.

By Process

  • Basic Oxygen Furnace
  • Electric Arc Furnace

 By Product Type

  • Rebar
  • Merchant Bar
  • SBQ steel bars
  • Wire Rod,
  • Rail

By Application

  • Construction
  • Infrastructure
  • Capital Goods
  • Automotive
  • Aerospace
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Norway
    • Italy
    • Spain
    • Netherlands
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest Of Asia Pacific
  • South America
  • ROW

Unique insights provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Technology landscape
  5. Regulatory scenario
  6. Patent trends
  7. Market trends
  8. Covid-19 impact analysis
  9. Raw material supply analysis
  10. Pricing trends
  11. Sustainability trends and environmental concerns
  12. Critical Success Factors
  13. Competitive Landscape
  14. Customer preferences

In terms of the type of process of the Long Steel market, the basic oxygen furnace segment is estimated to be the largest segment during the forecast period

In terms of the type of process, the global Long Steel market can be segmented into basic oxygen furnace and electric arc furnace types. The basic oxygen furnace segment is estimated of the Long Steel market is projected to be the largest market on account of the large installed base.

The steel rebar segment of the long steel market is expected to be the largest segment

The steel rebar segment of the long steel market dominated the Long Steel market in terms of revenue in 2019. The construction and infrastructure sector are increasingly consuming rebars. The main purpose of rebar is to provide tensile strength and hence they are indispensable in any construction or infrastructure project. The market of rebars is witnessing growth momentum on account of product innovations like headed rebars, rebar couplers, epoxy-coated rebars, and the advent of innovative rebar inspection systems.

The Asia Pacific is expected to be the largest segment in the forecast period

The Asia Pacific was the largest segment of the overall Long Steel market or long steel products market. While Europe is expected to be the second-largest market. The North America region is also projected to witness a higher demand for Long Steel in the coming years on account of the increasing adoption of Long Steel in various end-user industries. The demand in the Asia Pacific region is primarily driven on account of the presence of steel manufacturing facilities coupled with the demand from end-user industries such as automotive and construction. The construction industry in the Asia Pacific region is also growing on account of rising urbanization, rising disposable income, and government initiatives. Key Long Steel markets in Asia- Pacific include China, Japan, India, South Korea, Thailand, and Indonesia.  Availability of cheap raw material and labor has worked in favor of the Asia Pacific Long Steel Market.

Snapshot of Drivers, Restraints, Opportunities, and Challenges of Long Steel Market:

Drivers:

  • Growing investment in infrastructure and construction activities
  • Increasing urbanization
  • Product innovations

Restraints:

  • The increasing cost of raw materials

Opportunities:

  • Demand from emerging economies

Company Profiles and Competitive Intelligence Covered in Long Steel Market Report are:

  1. ArcelorMittal S.A.
  2. United States Steel Corporation
  3. PAO Severstal
  4. Gerdau S.A.
  5. Hyundai Steel Company
  6. Ansteel Group Corporation
  7. POSCO Co., Ltd
  8. Nucor Corporation
  9. Tata Steel
  10. China Baowu Steel Group
  11. JFE Steel Corporation
  12. Evraz Plc
  13. HBIS Group
  14. Daido Steel
  15. Shagang Group
  16. Commercial Metals Company
  17. Nippon Steel & Sumitomo Metal Corporation
  18. Jindal Steel & Power Ltd

The report also provides in-depth analysis of recent news developments and investments

  • In August 2021, Rebar prices in North America have stabilized, but the prognosis remains unclear. Following the success of a mill price effort for other long goods, purchasers in the United States and Canada believed that a similar increase for rebar would be suggested.
  • In August 2021, ICRA (Investment Information and Credit Rating Agency of India) predicted that India's long steel producers would see improved profits and increased capacity utilization in the second half of fiscal year 2022.

Frequently Asked Questions (FAQs)

How big the global long steel market?

The Global Long Steel Market was valued at USD 537.1 Bn in 2020 and is expected to reach USD 712.2 Bn by 2027

What is the estimated market growth rate of long steel industry?

The Long SteelMarket is estimated to grow at a compound annual growth rate (CAGR) of 4.1% during 2020-2027

Which is the largest region in terms of market share in the Global Long Steel Market?

Asia-Pacific accounted the largest market share, In the base year 2020

Who are the key players in the Long Steelindustry?

A few key players include, but not limited to ArcelorMittal S.A., United States Steel Corporation, PAO Severstal, Gerdau S.A., Hyundai Steel Company, Ansteel Group Corporation, POSCO Co., Ltd, Nucor Corporation, Tata Steel, China Baowu Steel Group, among others

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. INTRODUCTION
    1. Product Outline
    2. What is Long Steel
    3. Different types of Long Steel Products
    4. Sector Snapshot : Steel Industry
    5. Long Steel comparison with other competing materials
    6. Long Steel and its advantages
    7. Analysis of Long Steel Ecosystem / Value Chain
    8. Supply Chain Analysis
    9. Covid -19 Impact
    10. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    11. Technology Overview
    12. Patent Analysis
  2. Technology and Regulatory Landscape for Long Steel
    1. Regulations and Standards
  3. Raw Material Analysis
  4. Long Steel Market by Process
    1. Basic Oxygen Furnace
    2. Electric Arc Furnace
  5.  Long Steel Market by Type of Product
    1. Rebar
    2. Merchant Bar
    3. SBQ steel bars
    4. Wire Rod
    5. Rail
    6. Others
  6. Long Steel Market by End Use Industry
    1. Construction
    2. Infrastructure
    3. Capital Goods
    4. Automotive
    5. Aerospace
    6. Others
  7. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Sweden
      8. Netherlands
      9. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  8. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  9. Key Market Trends / Recent Developments
  10. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  11. KEY GLOBAL PLAYERS
    1. ArcelorMittal S.A.
    2. United States Steel Corporation
    3. PAO Severstal
    4. Gerdau S.A.
    5. Hyundai Steel Company
    6. Ansteel Group Corporation
    7. POSCO Co., Ltd
    8. Nucor Corporation
    9. Tata Steel
    10. China Baowu Steel Group
    11. JFE Steel Corporation
    12. Evraz Plc
    13. HBIS Group
    14. Daido Steel
    15. Shagang Group
    16. Commercial Metals Company
    17. Nippon Steel & Sumitomo Metal Corporation
    18. Jindal Steel & Power Ltd
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