Long Steel Products Industry Archives

Long Steel Products Industry | Forecast 2030

Steel is a vital industry for global economic growth and long steel products play a crucial role in developing infrastructure across the globe. It is a key raw material used in producing long products for building & construction and various manufacturing activities. As per the World Steel Association, the total value contribution by the steel industry is USD 2.9 trillion, which is equivalent to 3.8% of the global GDP.

The rise in infrastructure projects globally, such as metro projects, railway bridges, highways, and mega city projects across the globe, has augmented the demand for long steel products in construction. For instance, in November 2021, the U.S. government signed a USD 1 trillion bipartisan infrastructure plan for the upgradation and construction of infrastructure in the country, such as roads, highways, bridges, airports, ports, and energy, from 2021 to 2026.

Access the Global Long Steel Products Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Long steel products are widely used in residential, non-residential, and infrastructure applications. Structural steel products, including beams, angles, sections, etc. are widely utilized in housing, residential, and commercial buildings owing to their lightweight and high-strength characteristics, which minimize the load on the foundation and reduce sub-structure costs.

Steel Rebar Market Growth & Trends

The global steel rebar market size is expected to reach USD 415.79 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% from 2022 to 2030. Increasing investments in infrastructure revamping projects and construction activities are anticipated to drive the market over the forecast period.

Various infrastructure redevelopment projects dedicated to fueling economic growth across the world are projected to augment the demand for steel rebar during the forecast period. For instance, the Spanish government announced the Recovery, Transformation, and Resilience Plan to stimulate the economy from the crisis caused by the pandemic. Under the recovery plan, Spain is expected to receive USD 74.26 billion as a grant and USD 74.80 billion as a loan from the Recovery and Resilience Facility (RRF). Out of the total amount to be received, 15% is expected to be spent on infrastructure development projects in the country.

In addition, rising investments in residential and non-residential construction activities across developing economies are projected to drive the market across the forecast period. For instance, in February 2022, Godrej Properties announced plans to make an investment of around INR 7,500 crore (~USD 937.3 million) in the next 1-1.5 years in the development and acquisition of new housing and commercial real estate projects in Mumbai, Delhi, Bengaluru, and Pune.

Order your copy of the Free Sample of “Long Steel Products Industry Data Book – Steel Rebar, Wire Rods, Steel Pipes & Tubes and Steel Section Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

Steel Pipes & Tubes Market Growth & Trends

The global steel pipes & tubes market size is expected to reach USD 192.60 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% from 2024 to 2030. Increasing investment by governments across the world to improve the water system is expected to propel the demand for steel pipes & tubes over the forecast period.

In March 2022, in view of the increasing concern over drinking water contamination in certain parts of the country, the U.S. EPA announced that it would release a USD 50 billion fund to be used for the development of clean water infrastructures. Such investments are expected to fuel the market growth in water treatment applications over the forecast period.

In the oil & gas industry, steel pipes & tubes are used for a wide range of applications, such as concrete pilings, conveyor belt roller bearings, or wall thickness. This application segment is expected to maintain its dominance across the forecast period, as increasing investment in offshore exploration & production is further aiding the product demand.

For instance, in June 2022, the Netherlands and Germany jointly announced that they would drill a new gas field in the North Sea. The first gas from the field is anticipated to be generated by the end of 2024. This is expected to positively impact the market growth over the forecast period.

Competitive Insights

The outlook for the long steel products markets has weakened quickly in the last quarter of 2022. Factors responsible for weaker prospectus include higher energy prices, the global economic slowdown, rising inflation, the impacts of the Russia-Ukraine war, the sharp decline in the real estate sector, and the rising COVID-19 infections. Global crude steel production has declined significantly in 2022 as the demand has contracted at the global level.

The destruction of steel production facilities in Ukraine has led to a collapse in steel production along with rising energy prices and production stoppages, especially in Europe. However, the financial performance of steel companies showed improvement in 2022.

Long Steel Products Industry Data Book | Forecast 2030

Steel Rebar Market Report Highlights

Based on application, construction accounted for a revenue share of more than 55.0% in 2021, and this trend is expected to continue across the forecast period on account of rising construction activities across various economies

The Asia Pacific held a revenue share of over 60.0% in 2021. Growing construction spending on public infrastructure, coupled with commercial sectors, is propelling the product demand

Rising carbon footprints from the steel industry are compelling established players to switch to less energy-consuming methods. For instance, in April 2022, Nippon Steel Corporation acquired two Thailand-based EAF steelmakers for a sum of around USD 477 million. This acquisition is a step by Nippon Steel Corporation to cut its reliance on blast furnaces and reduce harmful emissions

Fiber-reinforced polymer (FRP) rebars are likely to substitute steel rebars owing to their high strength, lightweight, thermal resistance, and high corrosion resistance. The corrosive nature of the steel rebars impacts the lifespan of reinforced concrete structures

Steel Pipes & Tubes Market Report Highlights

Based on technology, ERW is anticipated to register a growth rate of 6.3% across the forecast period. The growth is attributed to its cost-efficient manufacturing process

Based on application, the chemicals & petrochemicals is anticipated to grow at a CAGR of 6.1% from 2024 to 2030. Steel pipes & tubes find use in petrochemical processing plants for refining processes owing to their characteristics such as high oxidation and corrosion resistance

Based on region, North America held the second-largest revenue share in 2023 of the global market. The growth is anticipated to be driven by increasing investment in offshore oil & gas production

Increasing investment in the construction of pipeline networks to supply oil and gas is expected to propel the demand for steel pipes in the coming years. For instance, as of January 2024, ~41,999 miles of pipeline are under construction, and 80,557 miles are in planning stage, as per the Pipeline & Gas Journal

Competitive Insights

TMT bars, also known as Thermo-Mechanically Treated bars, are one of the cornerstones of construction. As these Thermo-Mechanically Treated (TMT) bars provide structures with strength and durability, purchasing TMT bars should be both cost-effective and high quality; Steeloncall stands out as an affordable and quality provider offering top-quality TMTs at great prices – this blog will highlight why Steeloncall stands out and how you can benefit from what they have to offer you!

The Steeloncall Advantage:

Steeloncall offers an expansive selection of TMT bars, perfect for meeting any construction need imaginable – be it residential or large-scale infrastructure development. Whatever the application may be, Steeloncall has you covered!

Steeloncall stands out in the market by consistently providing TMT bars at highly competitive prices, understanding that cost-cutting projects must provide value for customers’ dollars. They take great pride in giving customers great value for their investment.

Steeloncall holds themselves to stringent quality standards that ensure every TMT bar they supply meets or surpasses industry norms, giving customers peace of mind when it comes to the structural integrity of their projects.

Why Select TMT Bars?

TMT bars are well-known for their exceptional strength, making them suitable for withstanding heavy loads and adverse environmental conditions. Utilizing TMT bars ensures the longevity and stability of any construction project.

TMT bars are highly ductile, meaning that they can bend without breaking, making them an easy material for construction projects with intricate designs or customized structures. This property makes working with them much simpler during assembly.

TMT bars offer corrosion resistance that’s critical in humid or coastal regions, helping keep maintenance costs under control over time and keeping strength intact for longer.

Why Steeloncall?

Steeloncall offers an intuitive and user-friendly platform for ordering TMT bars online, which makes the entire ordering experience hassle free. Navigating through its pages is effortless; quickly finding what meets your specifications should not be an issue at all!

Steeloncall knows the importance of timely deliveries is vital in construction projects, so they strive to ensure your TMT bars arrive as promised without delays disrupting your timeline.

Steeloncall offers expert guidance when selecting TMT bars. Their team can offer valuable advice and recommendations that help you make informed decisions.

Which is the best TMT bar brand in India 2023?
As of my most recent knowledge update in August 2023, I no longer had access to information
about individual brands or their rankings beyond that date. The best TMT bar brand in India may
fluctuate over time depending on various factors including product quality, manufacturing
processes, customer feedback, and market reputation. To determine the top TMT bars brand
for 2023 I recommend conducting extensive research while considering these criteria:\

Product Quality: When buying TMT bars, look for those that adhere to Indian standards (IS
1786) and feature high-quality manufacturing processes to ensure strength and durability.
The Reputation of Brand: When selecting construction material suppliers, look for brands that
have established themselves with reliable delivery of construction materials and positive
customer experiences.

Certifications: Verify whether TMT bars possess relevant certifications from relevant
authorities to ensure they conform with industry standards.
Price and Availability: Evaluate the cost-effectiveness and availability of bars in your region.

Customer Support: Quality after-sales services and technical assistance can make the
construction process go more smoothly.

Conclusion:

For quality TMT bars at competitive prices, Steeloncall is your go-to source. Their diverse selection, competitive pricing structure and dedication to quality make them the go-to partner for construction projects of all sizes; whether building a new home or embarking on large infrastructure development plans, trust Steeloncall to provide TMT bars that meet both your needs and exceed expectations – visit their website now and experience it for yourself – your construction project deserves nothing but the best! For more information please visit Steeloncall.com

Long Steel Products Industry | Forecast 2030

Long Steel Products Industry Data Book – Steel Rebar, Carbon Steel Pipe Fittings, Steel Pipes & Tubes and Steel Wire Market

The global Long Steel Products Industry was estimated at USD 469.8 billion in 2019 and is anticipated to increase at a CAGR of 5.5% from 2020 to 2027

Grand View Research’s Long steel products industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.

Steel Rebar Market Insights

The global steel rebar market size was valued at USD 270.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030. The market is anticipated to be driven by the rising investments in infrastructure development projects and construction activities. Government spending on propelling supporting infrastructural developments to boost economic growth is anticipated to benefit the market growth. For instance, in 2021, the Chinese government allocated USD 573 billion as special-purpose bonds (SPBs) to its local governments for rebuilding the country’s infrastructure. Of the funds raised through issuing SPBs, 50% were used for the industrial park and transport infrastructure development.

The global steel rebar market based on application and region: Construction dominated the market in 2021 with a revenue share of more than 55.0% and this trend is expected to continue during the forecast period. Various investments in the construction industry are projected to augment segment growth. For instance, in April 2022, Alliance Group, a leading real estate developer, announced to an investment of USD 1.12 billion for its residential construction projects in Hyderabad, Chennai, and Bengaluru, India.

Order your copy of the Free Sample of “Long Steel Products Industry Data Book – Steel Rebar, Carbon Steel Pipe Fittings, Steel Pipes & Tubes and Steel Wire Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Carbon Steel Pipe Fittings Market Insights

The global carbon steel pipe fittings market size was valued at USD 6.84 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. The rising need to transport and store the materials in oil & gas, and petrochemicals industries are expected to assist the market growth.

The ability of carbon steel pipe fittings to withstand demanding environmental conditions such as heat and steams makes them a suitable choice over other materials. In some applications, piping systems need to transport the gas at a very low temperature, wherein brittleness and cracks can create challenges. In such applications, carbon steel pipe fittings are needed to meet the demanding requirements. These fittings are also economical and are popular owing to wide applications such as sewage, municipal, and transport of water, oil, and gas in numerous industries.

The carbon steel pipe fittings market based on application, and region: The oil & gas segment accounted for the largest revenue share of nearly 50.0% in 2021. The segment is projected to grow on account of rising investments in the oil & gas industry. For instance, China Petroleum & Chemical Corp is planning to invest USD 31.00 billion for upstream exploration in Sichuan and Mongolia regions. The company aims to expand its footprint in natural gas, refined oil, and petrochemical products.

Steel Pipes & Tubes Market Insights

The global steel pipes & tubes market size was valued at USD 142.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2020 to 2027. Increasing oil & gas production owing to the demand from the transportation industry is one of the prominent growth drivers for the market. The oil & gas industry is the major consumer segment for steel pipes & tubes. Steel pipes are used for the transportation of gas & liquid in this industry. They are generally manufactured using low alloy or carbon steel. The inside diameter, ductility, yield strength, and pressure rating are some of the key factors considered while selecting pipes for specific applications. The U.S. oil & gas industry is among the primary end-users for steel pipes and tubes. The product is used in upstream, midstream as well as downstream processing of crude oil. The market is anticipated to register steady growth over the forecast period owing to the developments in the U.S. oil & gas industry.

The global steel pipes & tubes market on the basis of technology, application, and region: In terms of volume, seamless accounted for a market share of over 54% in 2019. Seamless steel products are manufactured from billets that are perforated and heated to create the tubular section. There are no seam welds in such products. Seamless pipes & tubes are used in a variety of sectors including oil & gas, power generation, chemicals & petrochemicals, and engineering.