Steel Rebar Market worth USD 154.08 Billion by 2021

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Steel Rebar Market worth USD 154.08 Billion by
2021

The report "Steel Rebar Market by Type (Deformed
Steel, Mild Steel), Process (Basic Oxygen
Steelmaking Process, Electric Arc Furnace
Process), End User (Infrastructure, Housing and
Industrial), Region - Global Forecast to
2021", Growing usage of steel rebar in
infrastructure, housing, and industrial segments
is fueling the growth of the steel rebar market.
This growth is mainly attributed to the rise in
demand for steel rebar from the construction
industry.
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Recent Developments

• In October 2016, ArcelorMittal Brasil S.A. and
  Votorantim S.A. signed a definitive agreement for
  long steel business. Under this agreement,
  Votorantim Siderurgia will work as a subsidiary
  of ArcelorMittal Brasil S.A. The agreement will
  help the company to increase its crude steel
  capacity of 5.6 million tons and annual rolling
  capacity of 5.4 million tons.
• In September 2015, Gerdau supplied 16,500 tons of
  steel including reinforcing steel bar for the
  Tampa International Airport expansion. The
  project is ongoing and is expected to be
  completed by the end of 2017. This will help
  Gerdau in supplying more steel for further
  expansion in the Tampa region.
• In September 2016, Nippon Steel Sumitomo Metal
  Corporation established a new subsidiary in
  Vietnam, Nippon Steel Sumitomo Metal Vietnam
  Company Limited. The new subsidiary is expected
  to cater to the growing social infrastructure,
  along with infrastructure and energy sectors in
  Vietnam

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Key Participants
Major market players covered in the report are
ArcelorMittal (Luxembourg), Gerdau S.A (Brazil),
Nippon Steel Sumitomo Metal Corporation
(Japan), Posco SS Vina, Co. Ltd (Vietnam), Steel
Authority of India Limited (India), Tata Steel
Ltd. (India), Essar Steel (India), Mechel PAO
(Russia), EVRAZ plc (U.K.), Sohar Steel LLC
(Oman), Celsa Steel UK (U.K.), Kobe Steel, Ltd.
(Japan), Jiangsu Shagang Group Co., Ltd. (China),
NJR Steel (South Africa), Commercial Metals
Company (U.S.), The Conco Companies (U.S.),
Barnes Reinforcing Industries (pty) Ltd (South
Africa), Jindal Steel Power ltd. (India), Steel
Dynamics, Inc. (U.S.), Steel Asia Manufacturing
Corporation (Philippines), Outokumpu Oyj
(Finland), Acerinox S.A. (Spain), Hyundai Steel
Company (South Korea), Daido Steel Co., Ltd.
(Japan), and Byer Steel Group Inc. (U.S.).
Speak with Analyst
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On The Basis Of Region
The Asia-Pacific steel rebar market is projected
to grow at the highest CAGR between 2016 and
2021. Growth in this market is mainly attributed
to the increasing steel rebar consumption in the
construction industry. China and India are the
key markets for steel rebar. China plans to
invest around USD 720 billion in its
infrastructural projects by the end of 2019.
Similarly, there are a large number of
infrastructural projects in the pipeline in
India. In addition, strong policy initiatives
such as the mandatory use of domestic steel in
government infrastructural projects and Make in
India are expected to support the growth of the
domestic steel rebar market.
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