Global Long Steel Market Analysis By 2030

The intelligence report by Allied Market Research is the solid outcome of deep study and arduous assessment of numerous dynamics modeling the growth of the Long Steel market. Allied Market Research fosters a highly efficient team of experts, strategists, analysts, and industry specialists who provide proper frameworks and approaches to make efficient decisions. Their systematic analysis and insights help executives steer through their critical priorities with utmost confidence.

global long steel market size was valued at $476,213 million in 2020, and is projected to reach $731,934 million by 2030, registering a CAGR of 4.1% from 2021 to 2030. long steel market has witnessed significant growth in the past decade, due to rise in infrastructure and construction sectors such as railways, bridges, and plants. A number of players in the long steel industry are expanding their business and acquiring companies to strengthen their foothold in the global market

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Growth of the construction sector in the residential and commercial sectors has led to a favorable market for long steel goods in order to fulfil the need for housing from a fast-increasing population. Furthermore, new construction industry trends such as Lean Construction, Building Information Modeling (BIM), and Green Buildings have expanded the importance of prefabrication and modularization in construction, driving the demand for the long steel market or long steel goods market higher. In recent years, the steel industry as well as its linked mining and metallurgical industries have experienced significant investments and advances. According to the data published by the Department for Promotion of Industry and Internal Trade (DPIIT), Indian metallurgical industries garnered US$ 14.24 billion in Foreign Direct Investment (FDI) from April 2000 to September 2020.

Major Market Players :

Arcelor Mittal, Baowu Steel Group Corporation Limited, Gerdau S.A., HeSteel Group Company Limited, Hyundai Steel Co., Ltd, Nippon Steel Corporation, Nucor Corporation, POSCO Corporation, Ternium S.A., and Votorantim S.A.

Analysis of the Covid-19 scenario :- https://www.alliedmarketresearch.com/request-for-customization/12784

Outbreak of the Covid-19 pandemic has had a preposterous impact on the lives of people. Most of the business verticals across the world were highly affected. The Long Steel market report doles out a compact overview of the Covid-19 impact on the industry. Moreover, it takes in a micro- and macro-economic impact assessment. The report further cites the market extent and share as one of the major impacts of the pandemic. At the same time, it offers a detailed overview of the influence of COVID-19 on the Long Steel market supply chain.

Last but not the least; the market report focuses on the key approaches incorporated by the industry players throughout the global health crisis. In a nutshell, the Long Steel market report offers an overview of pre- as well as post-Covid-19 impact exploration.

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Key Segments

By Process

• Basic Oxygen Furnace
• Electric Arc Furnace

By Product Type

• Rebar
• Wire Rod
• Merchant Bar
• Others

By Application

• Construction
• Industrial
• Others

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging long steel market trends and dynamics.
• Depending on process type, the basic oxygen furnace dominated the long steel market share, in terms of revenue in 2020.
• By application, the construction sector registered highest revenue in 2020.
• Industrial sector is projected to register highest growth rate in the coming years.
• Asia-Pacific region is projected to register highest growth rate in the coming years.
• The report provides an extensive analysis of the current trends and emerging long steel market opportunities.

The major queries answered in the report are given below:

• Who are the frontrunners active in the global Long Steel market?
• What is the dominant scenario of the market?
• What are the existing drifts & leanings that would possibly determine the global Long Steel market study in the next few years?
• What are the driving factors, limitations, and opportunities in the industry?
• What are the probable forecasts for the future that would help in coming up with further strategic steps to propel the growth of the market?

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Tags: Long Steel Market, global long steel market, Steel Market, Steel Bar, global Steel market, TMT Steel Bar

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