Top Global Steel Rebar Exporters and Suppliers in 2024 - Tata Steel & ArcelorMittal Leading with Innovation
The size of the Global Steel Rebar was estimated at US$230.03 billion in 2023, and it is anticipated that the market would generate almost US$323.68 billion in revenue overall between 2024 and 2030, growing at a rate of 5%.
Projected market structure and revenue forecasts for major participants through 2030 have also been discussed in the MMR research. MMR analyzes and recommends the businesses that are anticipated to become market leaders. The research covers M&A in the industry from 2018 with its specifics and ticket size. It also examines how acquisitions affect the acquiree's short-term revenue and profitability. The research includes a strategic viewpoint and financial profiles of thirty major industry competitors.
The Global Steel Rebar Market continues to experience significant transformation as key players strengthen their positions through strategic initiatives and technological advancements.
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The construction industry is experiencing unprecedented growth, fueled by rising infrastructural development as well as technological advancements that are driving the global steel rebar market. The below market size stands at USD 230.03 billion in 2023, and grow up to USD 323.68 billion until 2030. Know more about the top market players, recent mergers and acquisitions, key developments, and new investment in the industry in this press release.
The Top 5 Companies with the Highest Market share
Tata Steel is headquartered in Mumbai, India and is an international steel producer. Its flagship brand TISCON is a name synonymous with quality rebars. Sustainability: The company uses low-carbon production and water-efficient manufacturing practices. Tata Steel's rebars are widely used for residential housing, large scale infrastructure and high-rise buildings.
ArcelorMittal Based in Luxembourg, ArcelorMittal is the world’s largest steel and mining company. It has a wide range of products with world-class quality of rebars. ArcelorMittal is dedicated to innovation and sustainability, from launching corrosion-resistant rebars to pledging to reduce CO₂ emissions.
Nucor Corporation Nucor is the largest steel producer in North America, based in Charlotte, North Carolina, USA. The company is known for its sustainable production methods, using recycled scrap steel. Nucor's product line includes standard, epoxy-coated, and other types of rebar.
JSW Steel: JSW Steel, a Mumbai, India based steelmaker is a reputed player in the Indian steel market. It produces high-strength rebars popularly used in dams, bridges and housing projects. They're not taking any chances either and JSW Steel is the recent addition in this club as they are focusing on innovation and paving away for expanding production to cater the increasing demand.
China Baowu Steel Group Based in Shanghai and with overseas explorations, Baowu is the biggest steel maker in the world. It mainly provides rebars for a huge construction and infrastructure program that is largely taking place in China, where it holds a dominant position.
Newest Mergers & Acquisitions
ArcelorMittal Nippon Steel India: The company set emissions intensity reduction targets to contribute to global climate achievements in February 2024.
Hybar LLC: In Aug 2023, Hybar broke ground on a new 700 million-dollar, state-of-the-art scrap metal recycling steel rebar mill in Arkansas, USA. Can produce rebar for large infrastructure projects in an environmentally sustainable manner.
Gerdau Long Steel America: The company placed into operational a new steel processing facility in Midlothian, Texas, in December 2023.
New Funding and Investments
The steel rebar industry is being propelled by substantial investments:
Hybar LLC: $700 million in debt and equity financing for the construction of a technologically advanced rebar mill in Arkansas
JSW Steel: Plans to invest in new manufacturing facilities for production capacity enhancement, etc.
Tata Steel: Focused on investing in research and development projects for manufacturing environmentally sustainable and high-performing rebars.
Conclusion
Leading Companies in the Steel Rebar Industry: Benchmarking Quality and Performance | Data ahead only till October 2023 The foundation sector is expected to flourish steadily while the world evolves at different pace.
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