Steel Rebar Market Size, Opportunities, Share, Growth, Regional Trends, Key Segments, Top Manufacturers, and Forecast to 2030
The steel rebar market was approximated to be USD 224.5 billion in 2022, and it is projected to reach USD 317.4 billion by 2030 at a CAGR of 4.4%. Rebar, reinforcing bar, reinforcing steel, and reinforcement steel are all names of the steel reinforcement bar. It is an all-around building material that is widely used in the construction industry to make reinforced concrete. Steel is only used as a reinforcing bar because its elongation property at high temperatures (thermal expansion coefficient) is nearly equal to that of concrete. Steel reinforcing bars are made from molten steel by shaping them into huge rectangular billets and then passing them through a succession of dies that shape them into reinforcing bars.
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The steel rebar can be used in making structures such as bridges, buildings, skyscrapers, homes, warehouses, etc. Due to high durability, tensile strength, thermal resistance, and malleability, the global steel rebar market have witnessed considerable growth in recent years.
The demand for steel rebar is mainly furnished by three major sectors that are infrastructure, housing, and industrial. Some of the leading companies involved in the manufacturing of steel rebar are Nippon Steel Corporation (Japan), ArcelorMittal (Luxembourg), Gerdau SA (Brazil), Nucor Corporation (US), Commercial Metals Company (US), Tata Steel Ltd (India), Steel Authority of India Limited (India), Mechel PAO (Russia), Steel Dynamics, Inc (US), NLMK Group (Russia) and others.
Nippon Steel Corporation (Japan) deals in various segments, such as steelmaking and steel fabrication, engineering, chemicals, and system solutions. The company’s steelmaking and steel fabrication has covered the largest market share. The steelmaking and steel fabrication segment produces and distributes steel sheets, plates, bars and wire rods, pipes and tubes, and machinery parts.
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ArcelorMittal (Luxembourg), produces blooms, rebar, billets, wire rods, sections, sheet piles, rails, and drawn wires, along with seamless and welded tubular products. ArcelorMittal offers a wide range of standard and special rebar for use in reinforced concrete structures in all possible fields of application. The company has steel manufacturing plants in 16 countries and serves its customers in 155 countries across the globe in different end-use industries such as automotive, construction, appliances, energy, transport, and machinery. ArcelorMittal is the largest steel manufacturer in North America, South America, and Europe.
Gerdau SA (Brazil), operates through Brazil Operation, North America Operation, South Africa Operation, and Special Steels Operation. The company engages in the production and commercialization of steel products. The Brazil Operation segment includes rebar, bars, shapes, drawn products, billets, blooms, slabs, wire rods, structural shapes, and iron ore. The North America Operation segment consists of rebar, bars, wire rods, and light and heavy structural shapes. The South Africa Operation segment covers rebar, bars, and drawn products. The Special Steels Operation segment comprises stainless steel, round, square, flat bars, and wire rods.
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