U.S. Steel Merchant and Rebar Market Overview:
U.S. Steel Merchant and Rebar Market size and share is currently valued at USD 10.35 billion in 2024 and is anticipated to generate an estimated revenue of USD 15.52 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.2% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Infrastructure Development: Growing investment in infrastructure and construction projects, especially in urban development and transportation sectors, drives demand for steel merchant bars and rebar.
- Government Initiatives: Supportive policies and funding for modernization of bridges, roads, and housing fuel the market growth.
- Industrial Growth: Expansion in industries such as automotive and manufacturing further boosts steel consumption.
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Key Companies in U.S. Steel Merchant and Rebar Market:
- Acerinox
- CMC
- Evraz
- Gerdau S/A
- JFE Steel Corporation
- NIPPON STEEL CORPORATION
- Nucor
- Outokumpu
- Radius Recycling, Inc.
- Steel Dynamics
Market Research Scope
The market research scope for U.S. steel merchant and rebar focuses on understanding the dynamics of construction and infrastructure development across the country. It includes assessing demand drivers such as government-funded infrastructure projects, urbanization, and growth in commercial and residential construction. The study also examines the impact of tariffs, trade policies, and raw material costs on market trends. Key players, product innovation, and competitive landscape analysis form a critical part of the research. Additionally, the scope covers regional market segmentation to identify high-growth areas and evaluates emerging trends, such as the use of advanced manufacturing techniques and sustainable materials in steel production.
U.S. Steel Merchant and Rebar Market Segmentation:
The U.S. steel merchant and rebar market can be segmented by product type, application, and region. Product types include hot-rolled and cold-rolled steel bars, each suited to various construction needs. Applications are segmented into residential, commercial, and industrial construction, with infrastructure projects like bridges and highways being a significant focus. Regional segmentation highlights the dominance of states with high urbanization and infrastructure spending, such as Texas and California.
U.S. Steel Merchant and Rebar Market, Product Outlook (Revenue – USD Billion, Volume Kilotons, 2019-2032)
- Rebars
- Merchant Bars
- Angles
- Beams
- Channels
- Flats
- Rounds
U.S. Steel Merchant and Rebar Market, End-Use Outlook (Revenue – USD Billion, Volume Kilotons, 2019-2032)
- Construction
- Infrastructure
- Industrial
U.S. Steel Merchant and Rebar Industry Developments:
- May 2024: White Cap, a leading distributor of construction supplies and safety products for professional contractors, completed the acquisition of WWJ Rebar, a company based in Aiken, South Carolina. WWJ Rebar specializes in customized reinforcing steel solutions and serves industrial, commercial, and residential projects across Georgia and South Carolina.
- October 2023: Commercial Metals Company inaugurated a new micro mill in Mesa, Arizona. This state-of-the-art facility focuses on producing high-quality rebar and merchant bar products through a continuous production process that integrates melting, casting, and rolling.
- January 2022: Commercial Metals Company announced plans to establish a new micro mill strategically located to serve the Northeast, Mid-Atlantic, and Midwest U.S. markets. The facility is expected to significantly strengthen CMC’s footprint in the Eastern United States and enhance its overall operational capabilities.
The U.S. Steel Merchant and Rebar market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.