Steel Rebar Market Introduction and Overview
According to SPER Market Research, the Global Steel Rebar Market is estimated to reach USD 370.97 billion by 2033 with a CAGR of 4.89%.
The report includes an in-depth analysis of the Global Steel Rebar Market, including market size and trends, product mix, distribution channels, and supplier analysis. A steel reinforcing bar, or rebar, is a tensioning element used to strengthen concrete in the construction industry. Steel rebar, a flexible building element, holds and strengthens compressed concrete. reinforcing concrete is a complicated material composed of concrete plus some type of reinforcing technology. Despite its great density, concrete does not have the same tensile strength as steel.
- December 2021: The Nucor Corporation announced the approval of the building of a rebar micro mill with spooling capabilities in the South Atlantic area. The new micro mill's CAPEX expenditure is USD 350 million. It is projected to have a yearly output of 430,000 tonnes.
- Globalization and International Trade: The globalization of trade and increased cross-border investments in infrastructure projects contribute to the growth of the steel rebar market. Infrastructure projects that involve steel rebar often require the import or export of the material, leading to increased market demand.
Market Opportunities and Challenges
One of the most important market opportunities for the steel rebar industry lies in the infrastructure development initiatives undertaken by various countries. As nations invest in the construction of buildings, bridges, roads, and other civil engineering projects, the demand for steel rebar is expected to increase. Emerging economies, in particular, present significant growth potential as they undergo rapid urbanization and industrialization. Capitalizing on these infrastructure development projects by providing high-quality steel rebar and establishing strong partnerships with construction companies can lead to substantial growth and market expansion opportunities.
Volatility in raw material prices is a major challenge faced by this steel industry. The production of steel rebar requires iron ore and scrap metal, both of which are subject to price fluctuations influenced by global supply and demand dynamics. Sudden spikes in raw material prices can significantly impact production costs, making it challenging for manufacturers to maintain stable pricing and profitability. To mitigate this challenge, steel rebar manufacturers need to carefully manage their procurement strategies, explore alternative sources of raw materials, and establish long-term contracts with reliable suppliers to ensure a steady supply at competitive prices.
Market Competitive Landscape
The global market is fragmented, with established as well as small-scale competitors present worldwide. Established firms compete with smaller competitors through different techniques such as capacity expansions, mergers and acquisitions, product innovation, and joint ventures. The key players in the global Steel Rebar market include ArcelorMittal, Celsa Steel (UK) Ltd., Daido Steel Co., Ltd., Essar Steel, Gerdau SA, HYUNDAI STEEL, JFE Steel Corporation, Jiangsu Shagang Group Co., Ltd., KOBE STEEL, LTD., Mechel PAO, Nippon Steel Corporation, NLMK Group, Nucor Corporation, SAIL, Sohar Steel Group, Steel Dynamics, Inc., Tata Steel Limited, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Coating Type, By Bar Size Type, By Process Type, By End Use Sector
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | ArcelorMittal, Celsa Steel (UK) Ltd., Commercial Metals Company, Contractors Materials Company, Daido Steel Co., Ltd., Essar Steel, Gerdau SA, HYUNDAI STEEL, JFE Steel Corporation, Jiangsu Shagang Group Co., Ltd., KOBE STEEL, LTD., Mechel PAO, Nippon Steel Corporation, NLMK Group, Nucor Corporation, SAIL, Sohar Steel Group, Steel Dynamics, Inc., Tata Steel Limited, Others
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COVID-19 Impact on Global Steel Rebar Market
The COVID-19 pandemic has caused significant fluctuations in steel prices, initially declining due to reduced demand and excess supply but later recovering as economic activities resumed. Market dynamics within the steel industry have shifted, with challenges in securing steel supplies due to disruptions in international trade leading to increased efforts towards self-sufficiency and localization of steel production. Government support and stimulus packages aimed at reviving economies have increased infrastructure spending, potentially driving long-term demand for steel rebars. Additionally, the implementation of health and safety protocols in construction sites and manufacturing facilities has incurred additional costs for steel rebar manufacturers, potentially impacting their profitability and efficiency.
Key Target Audience:
- Construction Companies
- Infrastructure Developers
- Architects and Engineers
- Government Organizations
- Distributors and Suppliers
- Contractors and Subcontractors
- Real Estate Developers
- Industry Associations and Trade Organizations
- Investors and Financial Institutions
- Research and Development Institutions
Our in-depth analysis of the Steel Rebar Market includes the following segments:
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By Type:
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Deformed
Mild
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By Coating Type:
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Plain Carbon Steel Rebar
Galvanized Steel Rebar
Epoxy Coated Steel Rebar
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By Bar Size Type:
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#3 Bar size
#4 Bar size
#5 Bar size
#8 Bar size
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By Process Type:
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Basic Oxygen Steelmaking
Electric Arc Furnace
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By End Use Sector:
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Infrastructure
Residential
Industrial
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Key Topics Covered in the Report:
- Global Steel Rebar Market Size (FY’2023-FY’2033)
- Overview of Global Steel Rebar Market
- Segmentation of Global Steel Rebar Market By Type (Deformed, Mild)
- Segmentation of Global Steel Rebar Market By Coating Type (Plain Carbon Steel Rebar, Galvanized Steel Rebar, Epoxy Coated Steel Rebar)
- Segmentation of Global Steel Rebar Market By Bar Size Type (#3 Bar size, #4 Bar size, #5 Bar size, #8 Bar size, Others)
- Segmentation of Global Steel Rebar Market By Process Type (Basic Oxygen Steelmaking, Electric Arc Furnace)
- Segmentation of Global Steel Rebar Market By End Use Sector (Infrastructure, Residential, Industrial)
- Statistical Snap of Global Steel Rebar Market
- Expansion Analysis of Global Steel Rebar Market
- Problems and Obstacles in Global Steel Rebar Market
- Competitive Landscape in the Global Steel Rebar Market
- Impact of COVID-19 and Demonetization on Global Steel Rebar Market
- Details on Current Investment in Global Steel Rebar Market
- Competitive Analysis of Global Steel Rebar Market
- Prominent Players in the Global Steel Rebar Market
- SWOT Analysis of Global Steel Rebar Market
- Global Steel Rebar Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Steel Rebar Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Steel Rebar Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Steel Rebar Market
7. Global Steel Rebar Market, By Type (USD Million)
7.1. Global Steel Rebar Market Value Share and Forecast, By Type, 2023-2033
7.2. Deformed
7.3. Mild
8. Global Steel Rebar Market, By Coating Type (USD Million)
8.1. Global Steel Rebar Market Value Share and Forecast, By Coating Type, 2023-2033
8.2. Plain Carbon Steel Rebar
8.3. Galvanized Steel Rebar
8.4. Epoxy Coated Steel Rebar
9. Global Steel Rebar Market, By Bar Size Type (USD Million)
9.1. Global Steel Rebar Market Value Share and Forecast, By Bar Size Type, 2023-2033
9.2. #3 Bar size
9.3. #4 Bar size
9.4. #5 Bar size
9.5. #8 Bar size
9.6. Others
10. Global Steel Rebar Market, By Process Type (USD Million)
10.1. Global Steel Rebar Market Value Share and Forecast, By Process Type, 2023-2033
10.2. Basic Oxygen Steelmaking
10.3. Electric Arc Furnace
11. Global Steel Rebar Market, By End Use Sector (USD Million)
11.1. Global Steel Rebar Market Value Share and Forecast, By End Use Sector, 2023-2033
11.2. Infrastructure
11.3. Residential
11.4. Industrial
12. Global Steel Rebar Market Forecast, 2019-2033 (USD Million)
12.1. Global Steel Rebar Market Size and Market Share
13. Global Steel Rebar Market, By Type, 2019-2033 (USD Million)
13.1. Global Steel Rebar Market Size and Market Share By Type (2019-2026)
13.2. Global Steel Rebar Market Size and Market Share By Type (2027-2033)
14. Global Steel Rebar Market, By Coating Type, 2019-2033 (USD Million)
14.1. Global Steel Rebar Market Size and Market Share By Coating Type (2019-2026)
14.2. Global Steel Rebar Market Size and Market Share By Coating Type (2027-2033)
15. Global Steel Rebar Market, By Bar Size Type, 2019-2033 (USD Million)
15.1. Global Steel Rebar Market Size and Market Share By Bar Size Type (2019-2026)
15.2. Global Steel Rebar Market Size and Market Share By Bar Size Type (2027-2033)
16. Global Steel Rebar Market, By Process Type, 2019-2033 (USD Million)
16.1. Global Steel Rebar Market Size and Market Share By Process Type (2019-2026)
16.2. Global Steel Rebar Market Size and Market Share By Process Type (2027-2033)
17. Global Steel Rebar Market, By End Use Sector, 2019-2033 (USD Million)
17.1. Global Steel Rebar Market Size and Market Share By End Use Sector (2019-2026)
17.2. Global Steel Rebar Market Size and Market Share By End Use Sector (2027-2033)
18. Global Steel Rebar Market, By Region, 2019-2033 (USD Million)
18.1. Global Steel Rebar Market Size and Market Share By Region (2019-2026)
18.2. Global Steel Rebar Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. ArcelorMittal
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Celsa Steel (UK) Ltd.
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Commercial Metals Company
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Contractors Materials Company
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Daido Steel Co., Ltd.
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Essar Steel
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Gerdau SA
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. HYUNDAI STEEL
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. JFE Steel Corporation
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Jiangsu Shagang Group Co., Ltd.
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. KOBE STEEL, LTD.
19.11.1. Company details
19.11.2. Financial outlook
19.11.3. Product summary
19.11.4. Recent developments
19.12. Mechel PAO
19.12.1. Company details
19.12.2. Financial outlook
19.12.3. Product summary
19.12.4. Recent developments
19.13. Nippon Steel Corporation
19.13.1. Company details
19.13.2. Financial outlook
19.13.3. Product summary
19.13.4. Recent developments
19.14. NLMK Group
19.14.1. Company details
19.14.2. Financial outlook
19.14.3. Product summary
19.14.4. Recent developments
19.15. Nucor Corporation
19.15.1. Company details
19.15.2. Financial outlook
19.15.3. Product summary
19.15.4. Recent developments
19.16. SAIL (Steel Authority of India Limited)
19.16.1. Company details
19.16.2. Financial outlook
19.16.3. Product summary
19.16.4. Recent developments
19.17. Sohar Steel Group
19.17.1. Company details
19.17.2. Financial outlook
19.17.3. Product summary
19.17.4. Recent developments
19.18. Steel Dynamics, Inc.
19.18.1. Company details
19.18.2. Financial outlook
19.18.3. Product summary
19.18.4. Recent developments
19.19. Tata Steel Limited
19.19.1. Company details
19.19.2. Financial outlook
19.19.3. Product summary
19.19.4. Recent developments
19.20. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope