Steel rebar, commonly known as steel reinforcement or reinforced bar, is a steel bar or a mesh of steel wires used in concrete constructions and concrete masonry as a tension device in order to provide support to concrete structures. Concrete exhibits high strength when compressed, but is equally weak under tension. Steel rebar acts as the tensioning device, thus providing strength to concrete structures.
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Steel Rebar widely used in the construction industry, majorly in concrete reinforcement. It serves as a tensioning device and assists to hold the concrete in a compressed state. Concrete can carry a heavy load for compression but is very weak in tension. To allow concrete to carry tensile load, steel rebar is used.
As per the steel rebar market analysis, companies are implementing innovative strategies such as collaborations and mergers to increase their revenue benefits.
Steel Dynamics, Inc., Daido Steel Co. Ltd., Acerinox, Commercial Metals Company, ArcelorMittal, NIPPON STEEL CORPORATION, NLMK, Nucor Corp, Tata Steel, JSW Group, POSCO HOLDINGS INC., Jiangsu Shagang Group, SAIL, and BAOSTEEL GROUP are some of the leading steel rebar market manufacturers operating across the globe. These manufacturers are following the latest steel rebar market trends to avail lucrative revenue opportunities.