The global Long Steel Products Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (Rebars, Wire Rods, Sections, Tubes), By End-User (Building & Construction, Automotive & Aerospace, Railways & Highway, Others).
The future of the long steel products industry is shaped by several key trends reflecting shifts in infrastructure development, urbanization, and technological advancements in steel manufacturing. One significant trend is the increasing demand for long steel products in construction and infrastructure projects worldwide, driven by population growth, urbanization, and investments in transportation, energy, and housing sectors. Long steel products, including rebar, wire rod, and structural sections, are essential components in buildings, bridges, railways, and other critical infrastructure projects, providing strength, durability, and structural integrity. Additionally, advancements in steel production processes, such as continuous casting, hot rolling, and thermomechanical treatment, are improving the quality, efficiency, and sustainability of long steel products, reducing energy consumption, emissions, and waste generation. Moreover, there is growing interest in innovative steel grades and alloys with enhanced mechanical properties, corrosion resistance, and sustainability credentials, enabling designers and engineers to optimize structural performance and lifecycle cost in construction projects. As governments and industries continue to prioritize infrastructure development and sustainable urbanization, the long steel products industry is poised for growth, with opportunities for innovation, investment, and market expansion to meet the evolving needs of construction firms, developers, and infrastructure planners seeking reliable and sustainable solutions for building the cities and communities of the future.
The market report analyses the leading companies in the industry including Al-Rashed Steel, Arabian Gulf Steel Industries, ArcelorMittal, Emirates Rebar Ltd, Emirates Steel Industries PJSC, Hamriyah Steel FZC, Jindal Shadeed Iron & Steel LLC, Rajhi Steel Industries, RAK Steel, Star International Steel, Union Iron and Steel, United Gulf Steel, Watania Steel Factory.
A prominent trend in the long steel products market is the increasing number of infrastructure development projects worldwide. Long steel products, including beams, columns, rods, and bars, are essential materials used in the construction of bridges, highways, buildings, and other infrastructure projects. With rapid urbanization, population growth, and the need to upgrade existing infrastructure, governments and private developers are investing in large-scale construction projects to meet the demand for housing, transportation, and utilities. The trend drives the demand for long steel products, as construction activities continue to expand globally, particularly in emerging economies experiencing significant urbanization and industrialization.
A key driver propelling the long steel products market is the growth in the construction and manufacturing sectors. Long steel products are fundamental components in construction applications, such as structural frameworks, reinforcement bars, and support structures. Additionally, these products find extensive use in the manufacturing sector for fabricating machinery, equipment, and industrial components. With increasing investments in infrastructure, commercial, residential, and industrial construction projects, there is a corresponding rise in demand for long steel products to meet structural and fabrication requirements. Furthermore, growth in manufacturing activities, driven by industrialization, urbanization, and technological advancements, fuels the demand for long steel products used in machinery, automotive, shipbuilding, and other manufacturing applications.
An opportunity for growth in the long steel products market lies in diversification into value-added products and services. While long steel products serve as basic building blocks in construction and manufacturing, there is potential to offer specialized products and services that cater to specific customer needs and preferences. Manufacturers aim to gain market shares by developing value-added products such as customized shapes, sizes, and coatings tailored to unique project requirements. Additionally, opportunities exist to provide complementary services such as fabrication, assembly, and logistical support to streamline construction and manufacturing processes for customers. By offering a diverse portfolio of high-quality products and value-added services, companies can enhance their competitiveness, expand market reach, and capture a larger share of the growing demand for long steel products in the construction and manufacturing sectors.
The rebars segment is the largest segment in the long steel products market due to its critical role in construction and infrastructure development. Rebars, also known as reinforcing bars or reinforcement steel, are widely used in the construction industry to reinforce concrete structures, such as buildings, bridges, highways, and dams, to enhance their strength and durability. The robust demand for rebars is driven by ongoing urbanization, population growth, and infrastructure investments in both developing and developed economies. As governments allocate significant funds toward infrastructure projects, including transportation networks, housing, and commercial developments, the demand for rebars remains consistently high. Additionally, the construction of resilient and earthquake-resistant structures further propels the usage of rebars in seismic zones. With the construction industry being a major consumer of long steel products, the rebars segment maintains its dominance in the market due to its indispensable role in infrastructure development and construction projects worldwide.
The building and construction segment is the largest segment in the long steel products market due to diverse key factors driving its dominance. Firstly, the construction industry is one of the largest consumers of long steel products, utilizing them in various applications such as structural frameworks, beams, columns, and reinforcement bars (rebars) in concrete structures. The robust demand for long steel products in building and construction is fueled by ongoing urbanization, population growth, and infrastructure development projects worldwide. Additionally, the expansion of residential, commercial, and industrial construction activities further drives the consumption of long steel products. In addition, the versatility, strength, and durability of long steel products make them indispensable in construction applications, where they offer structural stability, load-bearing capacity, and resistance to harsh environmental conditions. With the construction industry being a primary driver of demand for long steel products, the building and construction segment maintains its position as the largest segment in the market, catering to the diverse needs of infrastructure development and construction projects globally.
By Product
Rebars
Wire Rods
Sections
Tubes
By End-User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
Al-Rashed Steel
Arabian Gulf Steel Industries
ArcelorMittal
Emirates Rebar Ltd
Emirates Steel Industries PJSC
Hamriyah Steel FZC
Jindal Shadeed Iron & Steel LLC
Rajhi Steel Industries
RAK Steel
Star International Steel
Union Iron and Steel
United Gulf Steel
Watania Steel Factory
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Long Steel Products Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Long Steel Products Market Size Outlook, $ Million, 2021 to 2030
3.2 Long Steel Products Market Outlook by Type, $ Million, 2021 to 2030
3.3 Long Steel Products Market Outlook by Product, $ Million, 2021 to 2030
3.4 Long Steel Products Market Outlook by Application, $ Million, 2021 to 2030
3.5 Long Steel Products Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Long Steel Products Industry
4.2 Key Market Trends in Long Steel Products Industry
4.3 Potential Opportunities in Long Steel Products Industry
4.4 Key Challenges in Long Steel Products Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Long Steel Products Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Long Steel Products Market Outlook by Segments
7.1 Long Steel Products Market Outlook by Segments, $ Million, 2021- 2030
By Product
Rebars
Wire Rods
Sections
Tubes
By End-User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
8 North America Long Steel Products Market Analysis and Outlook To 2030
8.1 Introduction to North America Long Steel Products Markets in 2024
8.2 North America Long Steel Products Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Long Steel Products Market size Outlook by Segments, 2021-2030
By Product
Rebars
Wire Rods
Sections
Tubes
By End-User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
9 Europe Long Steel Products Market Analysis and Outlook To 2030
9.1 Introduction to Europe Long Steel Products Markets in 2024
9.2 Europe Long Steel Products Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Long Steel Products Market Size Outlook by Segments, 2021-2030
By Product
Rebars
Wire Rods
Sections
Tubes
By End-User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
10 Asia Pacific Long Steel Products Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Long Steel Products Markets in 2024
10.2 Asia Pacific Long Steel Products Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Long Steel Products Market size Outlook by Segments, 2021-2030
By Product
Rebars
Wire Rods
Sections
Tubes
By End-User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
11 South America Long Steel Products Market Analysis and Outlook To 2030
11.1 Introduction to South America Long Steel Products Markets in 2024
11.2 South America Long Steel Products Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Long Steel Products Market size Outlook by Segments, 2021-2030
By Product
Rebars
Wire Rods
Sections
Tubes
By End-User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
12 Middle East and Africa Long Steel Products Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Long Steel Products Markets in 2024
12.2 Middle East and Africa Long Steel Products Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Long Steel Products Market size Outlook by Segments, 2021-2030
By Product
Rebars
Wire Rods
Sections
Tubes
By End-User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Al-Rashed Steel
Arabian Gulf Steel Industries
ArcelorMittal
Emirates Rebar Ltd
Emirates Steel Industries PJSC
Hamriyah Steel FZC
Jindal Shadeed Iron & Steel LLC
Rajhi Steel Industries
RAK Steel
Star International Steel
Union Iron and Steel
United Gulf Steel
Watania Steel Factory
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Rebars
Wire Rods
Sections
Tubes
By End-User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Long Steel Products is forecast to reach $1047.4 Million in 2030 from $790.6 Million in 2024, registering a CAGR of 4.8% over the outlook period
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Al-Rashed Steel, Arabian Gulf Steel Industries, ArcelorMittal, Emirates Rebar Ltd, Emirates Steel Industries PJSC, Hamriyah Steel FZC, Jindal Shadeed Iron & Steel LLC, Rajhi Steel Industries, RAK Steel, Star International Steel, Union Iron and Steel, United Gulf Steel, Watania Steel Factory
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume