Steel Rebar Market | Key players: ArcelorMittal, Gerdau S.A, Nippon Steel & Sumitomo Metal Corporation, Posco SS Vina, Co. Ltd, Steel Authority of India Limited, Tata Steel Ltd., Essar Steel, Mechel PAO, EVRAZ plc, Sohar Steel LLC, Celsa Steel UK, Kobe St

According to recent research "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", is projected to reach USD 154.08 Billion by 2021, at a CAGR of 5.0% from 2016 to 2021.

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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.

Steel rebar or reinforcement bars are used to strengthen the ability of concrete to resist tension in construction. The steel rebar market is expected to reach USD 154.08 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Growth in this market is mainly attributed to the increasing demand for steel rebar for the infrastructure, housing, and industrial segments across the globe.

The steel rebar market is highly fragmented and competitive and has a large number of prominent players. Key manufacturers in the steel rebar market are mainly located in the Asia-Pacific and Europe with some presence in North America, and the Middle East & Africa. The U.S. is the largest market in the North American region. Increasing investments on the infrastructure and housing segments is driving the steel rebar market in the region.

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Steel rebar are long steel products, which are used as reinforcement elements in Reinforced Cement Concrete (RCC). Steel rebars are hot rolled steel products, and are used as reinforcement elements, along with concrete to effectively bear tensile, compression, and bending-in in concrete construction.

Steel rebar, owing to its heavy consumption in the construction segment, which includes infrastructure, housing, and industrial, is being widely used in the construction industry and in structural engineering.

Some of the important strategies adopted by key companies to scale up their activities in the market are expansions, partnerships & joint ventures, acquisitions, contracts, and new product developments. These companies are also investing in R&D activities to strengthen their product portfolios and their positions in the steel rebar market.

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 (China), NJR Steel (South Africa), Commercial Metals Company (U.S.), The Conco Companies (U.S.), Barnes Reinforcing industries (South Africa), Jindal Steel & Power Ltd. (India), Steel Dynamics (U.S.), SteelAsia Manufacturing Corporation (Philippines), Outokumpu Oyj (Finland), Acerinox S.A. (Spain), Hyundai Steel (South Korea), Daido Steel Co., Ltd. (Japan), and Byer Steel (U.S.) are the key players in the steel rebar market.

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ArcelorMittal is the world’s leading steel and mining company, and produces approximately 114 million tons of crude steel. ArcelorMittal is the successor to Mittal Steel, a business originally set up in 1976. The company was founded in 2006 through the merger of Arcelor and Mittal Steel, and is headquartered in Luxembourg City, Luxembourg. ArcelorMittal manufactures and supplies quality steel products to various industries, which include construction, automotive, packaging, and household appliances. ArcelorMittal produces blooms, rebars, billets, wire rods, sections, sheet piles, rails, and drawn wires, along with seamless and welded tubular products. The company, through its long business segment, serves industries, which include construction and mechanical engineering, automotive, and energy, among others. ArcelorMittal has presence in 60 countries and industrial footprint in 19 countries.

Gerdau SA was founded in 1901 in Porto Alegre, Brazil. The company is the largest supplier of special long steel in the world, and is among the leading producers of long steel in the Americas. Gerdau is also the largest supplier to the automotive industry worldwide. For instance, in September 2015, Gerdau supplied 16,500 tons steel including reinforcing steel bars for expansion of the Tampa International Airport. Gerdau SA has a strong footprint across the globe, and presence in countries such as Argentina, Brazil, Chile, Columbia, Dominican Republic, Guatemala, India, Mexico, North America, Peru, Uruguay, and Venezuela. The company engages in the production and supply of steel products worldwide. It has a wide product portfolio, which includes shapes, rebars, drawn products, bars, billets, slabs, blooms, wire rods, and structural shapes. Gerdau SA also offers millions of tons quality steel through recycled scrap and serves industries such as agriculture, construction, automotive, and industrial. The company engages in the inorganic growth strategy through expansions. For example, in May 2013 the company expanded its production capacity for the steel operational facility of Knox County with expansions in the West Knox County.

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