As part of Emergen Research's Global Long Steel Market Research Report, key business details and extensive geographical spread of the Long Steel industry have been analyzed. The current COVID-19 pandemic is expected to have an effect on the growth of the Long Steel industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, Long Steel will probably be one of the markets that have been impacted, along with other sectors. The sector's growth would be further hampered by the recession in the economy and the dynamic shifts in demand. The COVID-19 pandemic's effects on the entire Long Steel industry are covered in the paper. In addition to a thorough qualitative and quantitative examination, the report also includes significant data regarding the Long Steel market. Based on historical data from 2017 and 2018, a thorough projection is given till 2028. Profiles of both established and up-and-coming players are also provided, together with information on their business strategies, product portfolios, strategic alliances, and business expansion plans.
The global long steel market size is expected to reach USD 701.69 Billion at a steady CAGR of 3.6% in 2028, according to latest analysis by Emergen Research. Increasing global long steel market revenue growth can be attributed to rapid growth of the construction industry due to surging demand due to increasing industrialization and urbanization, particularly in developing countries. Long steel products are used in the construction industry for installations, foundations, and supports required in buildings, as well as for columns, paneling, and walls, among other construction applications. Long steel products such as rebars are highly reliable as structural application materials. Steel rebars are essential in construction of impact-resistant structures for more modernized residential, commercial, and industrial buildings.
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The report bifurcates the Long Steel market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Key Companies Profiled in the Report are:
Nucor Corporation, Gerdau SA, Tata Steel Limited, Steel Dynamics Inc., ArcelorMittal SA, POSCO, Ansteel Group Corporation Limited, Nippon Steel Corporation, Mechel PAO, and Acerinox SA
Regional Landscape section of the Long Steel report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Long Steel market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
On the basis of type, the market is segmented into
Production Process Outlook (Revenue, USD Billion; 2018–2028)
- Electric Arc Furnace
- Basic Oxygen Furnace
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Wire Rod
- Rebar
- Rail
- Merchant Bar
- Others
Application Outlook (Revenue, USD Billion; 2018–2028)
- Industrial
- Construction
- Railways
- Others
Research Report on the Long Steel Market Addresses the Following Key Questions:
- Who are the dominant players of the Long Steel market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Long Steel market?
- What are the key growth drivers and restraining factors of the Long Steel market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Long Steel market and its key segments?
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