Long Steel Market Valuation to Reach USD 701.69 Billion in 2028 | Increasing Government Focus on Infrastructure Development and Rapid Urbanization are Factors Driving Industry Growth, says Emergen Research

VANCOUVER, BC, July 22, 2021 /PRNewswire/ -- 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 the latest analysis by Emergen Research. Steady global long steel market revenue growth can be attributed to rapid growth of the automotive industry globally. Long steel products, including wire rods, find extensive application in the automotive industry for manufacturing fasteners, automotive shock absorbers, wire fencings, springs, chains, wire ropes, bearings, wire meshes, cables, and tire cord, among others. Also, merchant bars, such as round bars, are used in the manufacture of a varying range of products from car axles to tent pegs due to various versatile characteristics. Furthermore, cold rolled round bars are crucial in applications (e.g. frameworks and braces) requiring high quality surface finish.

Rising focus by governments across the globe on infrastructure development is a significant factor driving long steel market growth. Various projects driven by rising public spending programs based on digital infrastructure comprising inter-city rail and transportation systems, ultra-high voltage power transmission, and new-energy vehicle (or NEV in China) charging stations, among others, are expected to gain rapid momentum going ahead. These are some key factors expected to continue to support market growth over the forecast period.

Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/706

Some Key Highlights From the Report

• In April 2021, TimkenSteel Corporation, which is a firm producing tailored alloy steel products, declared the signing of a purchase contract with Daido Steel Co. Ltd. As per the contract, TimkenSteel Corporation will sell its production facility in China for around USD 7.0 million.
• Merchant bars are particularly used in joist manufacturing, light commercial construction applications, commercial/industrial fabrication, and in heavy equipment (such as trailers) production processes.
• Electric arc furnace process for steel production involves use of recyclable materials such as scrap metals, therefore resulting in lower pollution and reduced amount of waste generation as compared to other processes. The process leads to resource and energy savings, as well as offers considerable advantages in terms of impact on the environment in a more cost-effective way.
• Long steel products such as steel tubes are widely used in the oil & gas industry. These are used to construct concrete pilings, manufacture bearing casings and conveyor belt rollers, which find wide application in the said industry.
• Long steel market in North America accounted for a significant robust revenue share in 2020, attributed to increasing growth of automotive and construction industries in countries in the region. In addition, increasing investment in development of infrastructure such as for roads and bridges is spurring growth of the market growth in the region.
• Major companies in the market include 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.

Make Payment [Buy your Exclusive copy]@ https://www.emergenresearch.com/select-license/706

Emergen Research has segmented the global long steel market on the basis of production process, product type, application, distribution channel, and region:

• 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
• Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
• Direct
• Indirect

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/long-steel-market

• Regional Outlook (Revenue, USD Billion; 2018–2028)
• North America

a.  U.S.

b.  Canada

c.  Mexico

• Europe

a.  Germany

b.  U.K.

c.  France

d.  Italy

e.  Spain

f.  Sweden

g.  Benelux

h.  Rest of Europe

• Asia Pacific

a.  China

b.  India

c.  Japan

d.  South Korea

e.  Rest of APAC

• Latin America

a.  Brazil

b.  Rest of LATAM

• Middle East & Africa

a.  Saudi Arabia

b.  UAE

c.  South Africa

d.  Israel

e.  Rest of MEA

Explore more reports offered by Emergen Research:

Construction Market By Type (Building Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors, Land Planning and Development), By Building (Residential Building, Non-Residential Building), By Construction Machinery, By End-Use, and By Region Forecast to 2028

Insulating Glass Window Market By Sealant Type (Polysulfide, Hot-melt Butyl, Polyurethane, Silicone), By Spacer Type (Aluminum Box, Stainless Steel Box, Non-metal spacers), By End-use (Commercial, Residential), and By Region Forecast to 2028

Logistics & Supply Chain Industry Market By Transportation Mode (Railways, Roadways, Airways, Waterways), By Application (Transportation, Warehousing, Sourcing & Procurement), By Industry Vertical (Manufacturing, Retail, Healthcare, Aerospace, BFSI, Government & Public Utilities, Media & Entertainment, Food & Beverages), and By Region Forecast to 2028

Structured Cabling Market By Solution (Service, Product, Software), By Cable Type (Category 6, Category 5E, Category 6A, Others), By End-Use (IT & Telecommunication, Residential & Commercial, Government & Education, Transportation, Industrial, Others) and By Region

Cold Storage Construction Market By Application (Biopharmaceutical products, Perishable food), By Storage Type (Bulk stores, Production stores), By Cold Storage Warehouse Type (Refrigerated containers), and By Region, Forecast to 2027

Construction Equipment Rental Market By Equipment Type (Earthmoving, Material Handling, Road Building, Concrete), By Product Type (Excavators, Cranes, Backhoes, Crawler Dozers, Concrete Pumps), By Application (Rea-Estate, Commercial Estate, Transport Power & Energy Infrastructure, Others), and By Region

Powered Agriculture Equipment Market By Type (Combine Harvesters, Tractors, Soil Preparation & Cultivation Equipment), By Next generation equipment (Agricultural Unmanned Aerial Vehicles, Driverless Tractors, Electric Tractors), and By Region, Forecast to 2028

About Emergen Research 

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com 
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com 
Facebook | LinkedIn | Twitter | Blogs 
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-long-steel-market

Logo: https://mma.prnewswire.com/media/1579538/Emergen_Research_Logo.jpg