
Long Steel Market by Product (Merchant Bar, Rebar, Wire Rod), Process (Basic Oxygen Furnace, Electric Arc Furnace), End-user - Global Forecast 2024-2030
Description
Long Steel Market by Product (Merchant Bar, Rebar, Wire Rod), Process (Basic Oxygen Furnace, Electric Arc Furnace), End-user - Global Forecast 2024-2030
The Long Steel Market size was estimated at USD 490.03 billion in 2023 and expected to reach USD 512.82 billion in 2024, at a CAGR 4.78% to reach USD 679.80 billion by 2030.
Global Long Steel Market Long steel refers to steel products with longer lengths and lower diameters compared to flat steel products. Long steel is used to construct heavy-duty infrastructures, various industrial applications, and equipment. Long steel products made from blooms and billets are available in multiple grades and sizes depending on the application. The rising public and private infrastructure activities in several states and nations across the United States are generating higher demand for long steel products that provide extensive tensile strength to construction projects. Furthermore, the government initiatives for developing smart city projects, which include constructing new buildings, roads, and bridges, create a demand for long steel in the country. Along with the several benefits of long steel products, some manufacturing defects cause the deformation of finished products, producing defective products. The fluctuating price of raw materials, higher crude oil prices, and rising freight charges further limit the growth of the U.S. long steel market. The initiatives and robust research activities by major U.S. steel manufacturers to develop corrosion-free and weather-resistant long steel products are expected to raise the adoption of long steel products.Regional InsightsThe long steel market in the United States is evolving, owing to the advancement of various sectors such as construction, infrastructure development, transportation, and manufacturing. The United States has witnessed a growing emphasis on developing smart cities characterized by advanced infrastructure, sustainable practices, and the integration of digital technologies. This trend has increased demand for long steel products in areas such as intelligent transportation systems, smart grids, and smart buildings. Government initiatives and private financing have played a crucial role in supporting these smart city projects, driving the demand for long steel in the market. In response to the need for durable and sustainable construction materials, ongoing research and development efforts are focused on developing corrosion-free and weather-resistant long steel. These advancements aim to enhance the lifespan of structures, reduce maintenance costs, and improve overall infrastructure resilience. Integrating new alloys and coatings into long steel products holds promising potential for the market, particularly in regions prone to harsh weather conditions and coastal areas susceptible to corrosion.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Long Steel Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Long Steel Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Long Steel Market, highlighting leading vendors and their innovative profiles. These include A-1 Alloys, Inc., American Bar Products, ArcelorMittal S.A., BlueScope Steel Limited, Brown Strauss, Inc., Charter Manufacturing Company, Inc., Commercial Metals Company,, Continental Steel & Tube Co., Delta Steel, Inc., Eaton Steel Bar Company, Hyundai Steel Company, JSW Group, Nippon Steel Corporation, Nucor Corporation, O'Neal Steel LLC, Olympic Steel, Inc., POSCO, Reliance Steel & Aluminum Co., Republic Steel, Round Ground Metals, Inc., Schnitzer Steel Industries, Inc., Steel Dynamics, Inc., Sugar Steel Corporation, Swiss Steel Holding AG, Ternium S.A., TimkenSteel Corporatio, United States Steel Corporation, and Valbruna S.p.A..
Market Segmentation & Coverage
This research report categorizes the Long Steel Market to forecast the revenues and analyze trends in each of the following sub-markets:
Product
Merchant Bar
Rebar
Wire Rod
Process
Basic Oxygen Furnace
Electric Arc Furnace
End-user
Building & Construction
Industrial
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Long Steel Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Long Steel Market?
3. What are the technology trends and regulatory frameworks in the Long Steel Market?
4. What is the market share of the leading vendors in the Long Steel Market?
5. Which modes and strategic moves are suitable for entering the Long Steel Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
199 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Long Steel Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing number of airport projects and high usage in the construction industry
- 5.1.1.2. Upsurge in smart city projects supported by government and private financing
- 5.1.2. Restraints
- 5.1.2.1. Fluctuating demand and cost of raw materials used in long steel manufacturing
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing research to develop corrosion free and weather resistance long steel
- 5.1.4. Challenges
- 5.1.4.1. Concern of deformation and defects during production of long steel
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Long Steel Market, by Product
- 6.1. Introduction
- 6.2. Merchant Bar
- 6.3. Rebar
- 6.4. Wire Rod
- 7. Long Steel Market, by Process
- 7.1. Introduction
- 7.2. Basic Oxygen Furnace
- 7.3. Electric Arc Furnace
- 8. Long Steel Market, by End-user
- 8.1. Introduction
- 8.2. Building & Construction
- 8.3. Industrial
- 9. Americas Long Steel Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Long Steel Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.
- 10. South Korea
- 10.
- 11. Taiwan
- 10.
- 12. Thailand
- 10.
- 13. Vietnam
- 11. Europe, Middle East & Africa Long Steel Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.
- 10. Nigeria
- 11.
- 11. Norway
- 11.
- 12. Poland
- 11.
- 13. Qatar
- 11.
- 14. Russia
- 11.
- 15. Saudi Arabia
- 11.
- 16. South Africa
- 11.
- 17. Spain
- 11.
- 18. Sweden
- 11.
- 19. Switzerland
- 11.
- 20. Turkey
- 11.
- 21. United Arab Emirates
- 11.
- 22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. New Product Launch & Enhancement
- 12.3.1.1. Schnitzer Announces the Launch of GRN SteelTM Products
- 12.3.2. Investment & Funding
- 12.3.2.1. ArcelorMittal invests USD 120 million in US company to make ‘green steel’
- 12.3.3. Award, Recognition, & Expansion
- 12.3.3.1. JSW Steel USA to invest USD 145 million to upgrade manufacturing operations
- 12.3.3.2. Nucor to build USD 350M rebar steel mill in North Carolina
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. A-1 Alloys, Inc.
- 13.1.2. American Bar Products
- 13.1.3. ArcelorMittal S.A.
- 13.1.4. BlueScope Steel Limited
- 13.1.5. Brown Strauss, Inc.
- 13.1.6. Charter Manufacturing Company, Inc.
- 13.1.7. Commercial Metals Company,
- 13.1.8. Continental Steel & Tube Co.
- 13.1.9. Delta Steel, Inc.
- 13.1.
- 10. Eaton Steel Bar Company
- 13.1.
- 11. Hyundai Steel Company
- 13.1.
- 12. JSW Group
- 13.1.
- 13. Nippon Steel Corporation
- 13.1.
- 14. Nucor Corporation
- 13.1.
- 15. O'Neal Steel LLC
- 13.1.
- 16. Olympic Steel, Inc.
- 13.1.
- 17. POSCO
- 13.1.
- 18. Reliance Steel & Aluminum Co.
- 13.1.
- 19. Republic Steel
- 13.1.
- 20. Round Ground Metals, Inc.
- 13.1.
- 21. Schnitzer Steel Industries, Inc.
- 13.1.
- 22. Steel Dynamics, Inc.
- 13.1.
- 23. Sugar Steel Corporation
- 13.1.
- 24. Swiss Steel Holding AG
- 13.1.
- 25. Ternium S.A.
- 13.1.
- 26. TimkenSteel Corporatio
- 13.1.
- 27. United States Steel Corporation
- 13.1.
- 28. Valbruna S.p.A.
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
- FIGURE 1. LONG STEEL MARKET RESEARCH PROCESS
- FIGURE 2. LONG STEEL MARKET SIZE, 2023 VS 2030
- FIGURE 3. LONG STEEL MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. LONG STEEL MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. LONG STEEL MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. LONG STEEL MARKET DYNAMICS
- FIGURE 7. LONG STEEL MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
- FIGURE 8. LONG STEEL MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. LONG STEEL MARKET SIZE, BY PROCESS, 2023 VS 2030 (%)
- FIGURE 10. LONG STEEL MARKET SIZE, BY PROCESS, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. LONG STEEL MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
- FIGURE 12. LONG STEEL MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES LONG STEEL MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES LONG STEEL MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA LONG STEEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. LONG STEEL MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 22. LONG STEEL MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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