According to Stratistics MRC, the Global Steel Long Products Market is accounted for $469.80 billion in 2019 and is expected to reach $844.13 billion by 2027 growing at a CAGR of 7.6% during the forecast period. Some of the key factors propelling the market growth include Replacement of structurally deficient infrastructure, expansion of the construction industry, and increasing demand for renewable energy sources. However, complexity in regulation for steel manufacturing plants is a restraining factor for the steel long products market.
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On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, due to huge investments in the construction industry and steady growth in infrastructure in both the residential and non-residential sectors will significantly drive steel long products market growth in this region. The region is characterized by the presence of a growing population and housing needs. Countries, such as India and China, are witnessing an increasing number of residential construction projects, which is likely to create significant demand for steel long products.
Some of the key players in Steel Long Products Market include ArcelorMittal, Baosteel, Evraz Plc, Gerdau S.A., HBIS Group, Hyundai Steel, JFE Steel Corp., JSW Steel, Nippon Steel Corporation, POSCO, Tata Steel, United States Steel, Wuhan Iron & Steel Corp., Thyssenkrupp, and Hitachi Metals Ltd.
Types Covered:
• Tubes
• Sections
• Rebars
• Wire Rods
• Stainless Steel
• Alloy Steel
• Tool Steel
Applications Covered:
• Automotive & Aerospace
• Railway & Highway
• Construction
• Energy
• Mechanical Engineering
• Transport
• Power
• Metal Goods
• Domestic Applications
Performances Covered:
• Channel Steel
• Angle Steel
• Screw Thread Steel
Appearances Covered:
• Steel Rail
• Steel Bar
• Steel Wire
• Steel Rod
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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