Global Long Steel Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Rebar, Wire Rod, Sections, and Tubes.

By Grade;

Carbon Steel and Alloy Steel.

By Manufacturing Process;

Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF), Induction Furnace (IF), and Others.

By Application;

Structural Shapes, Railway Tracks, and Others.

By End-Use;

Building & Construction, Automotive & Aerospace, Railways & Highway, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn142718578 Published Date: May, 2025 Updated Date: June, 2025

Long Steel Market Overview

Long Steel Market (USD Million)

Long Steel Market was valued at USD 612,359.84 million in the year 2024. The size of this market is expected to increase to USD 795,038.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.


Global Long Steel Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 3.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.8 %
Market Size (2024)USD 612,359.84 Million
Market Size (2031)USD 795,038.53 Million
Market ConcentrationHigh
Report Pages323
612,359.84
2024
795,038.53
2031

Major Players

  • Emirates Steel Arkan
  • Al-Rasheed Steel
  • Arabian Gulf Steel Industries (AGCI)
  • ArcelorMittal
  • Emirates Rebar Limited
  • Emirates Steel Arkan
  • Hamriyah Steel
  • Jindal Shadeed Steel
  • Rajhi Steel Industries
  • RAK Steel
  • Star International Steel
  • Union Iron and Steel
  • United Gulf Steel
  • Watania Steel Factory

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Long Steel Market

Fragmented - Highly competitive market without dominant players


The Long Steel Market is showing dynamic growth, driven by its increasing application in construction, engineering, and manufacturing activities. Roughly 63% of demand is linked to infrastructure and industrial expansion. These products are essential for load-bearing and structural reinforcement, enabling greater durability in diverse construction formats.

Drivers of Market Expansion
A significant share of market growth nearly 48% is attributed to the expansion of residential and commercial construction projects. The trend of upgrading older infrastructure using advanced long steel materials continues to support consumption. Rising emphasis on sustainable, long-lasting materials has further boosted preference for rebars, rods, and similar products.

Innovation and Technological Advancements
Recent innovations in manufacturing processes are optimizing steel quality, boosting adoption of thermomechanically treated bars by over 29%. Enhanced tensile strength, corrosion resistance, and energy efficiency are positioning these materials as superior alternatives. These innovations have improved both product reliability and overall project performance.

Future Outlook
Ongoing infrastructure modernization and smart city initiatives are anticipated to push long steel consumption up by over 35%. The market outlook remains positive as producers continue to refine metal compositions and forming technologies. These upgrades are enabling longer service life and improved mechanical strength, further driving industry adoption.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Grade
    3. Market Snapshot, By Manufacturing Process
    4. Market Snapshot, By Application
    5. Market Snapshot, By End-Use
    6. Market Snapshot, By Region
  4. Long Steel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increased infrastructure development and urbanization
        2. Rising demand for construction and building materials
        3. Growing automotive and aerospace industries
        4. Government initiatives for modernizing public infrastructure
        5. Growing demand for energy-efficient and safe structures
      2. Restraints
        1. Economic downturns affecting construction and manufacturing sectors
        2. Fluctuating demand cycles in key end-use industries
        3. Trade policies and tariffs affecting import and export of steel products
        4. Aging infrastructure in mature markets requiring renovation
      3. Opportunities
        1. Development of advanced, high-strength steel products
        2. Adoption of digital technologies in long steel production
        3. Growth of modular and prefabricated construction methods
        4. Expansion of long steel applications in renewable energy projects
        5. Growing investments in smart city initiatives
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Long Steel Market, By Product, 2021 - 2031 (USD Million)
      1. Rebar
      2. Wire Rod
      3. Sections
      4. Tubes
    2. Long Steel Market, By Grade, 2021 - 2031 (USD Million)
      1. Carbon Steel
      2. Alloy Steel
    3. Long Steel Market, By Manufacturing Process, 2021 - 2031 (USD Million)
      1. Basic Oxygen Furnace (BOF)
      2. Electric Arc Furnace (EAF)
      3. Induction Furnace (IF)
      4. Others
    4. Long Steel Market, By Application, 2021 - 2031 (USD Million)
      1. Structural Shapes
      2. Railway Tracks
      3. Others
    5. Long Steel Market, By End-Use, 2021 - 2031 (USD Million)
      1. Building & Construction
      2. Automotive & Aerospace
      3. Railways & Highway
      4. Others
    6. Long Steel Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Emirates Steel Arkan
      2. Al-Rasheed Steel
      3. Arabian Gulf Steel Industries (AGCI)
      4. ArcelorMittal
      5. Emirates Rebar Limited
      6. Emirates Steel Arkan
      7. Hamriyah Steel
      8. Jindal Shadeed Steel
      9. Rajhi Steel Industries
      10. RAK Steel
      11. Star International Steel
      12. Union Iron and Steel
      13. United Gulf Steel
      14. Watania Steel Factory
  7. Analyst Views
  8. Future Outlook of the Market