Fairfield Market Research Steel Round Bars Market Size, Trends and Analysis | 2030

Steel Round Bars Market

Global Steel Round Bars Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Manufacturing Process Coverage, By End-use Industry Coverage, By Material type Coverage, By Geographic Coverage and By Company)

Published Date: Oct 2023 | Format: | No. of Pages: 230

Industry: Chemicals & Materials


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Global Steel Round Bars Market Forecast

  • Global steel round bars market size to reach approximately US$3.9 Bn by 2030-end
  • Market size by value to see around 4.2% expansion between 2023 and 2030

Global Steel Round Bars Market Snapshot, 2018 - 2030

Quick Report Digest

  1. Growing building activity, industrial development, and the requirement for durable and reliable components are some of the key trends driving the market.
  2. The market is distinguished by fierce competition among producers and suppliers, with an emphasis on advanced steel grades, sustainability, and the development of creative applications.
  3. In 2022, the hot-rolled steel round bars category dominated the industry. The reason for the growth is higher strength as well as ductility.
  4. In terms of market share for steel round bars globally, the construction segment is anticipated to dominate. Growing construction activities across developing countries driven by rising population is driving the segmental growth.
  5. In 2022, the stainless steel round bars category controlled the market. This is due to their features such as corrosion resistance, higher strengths, and others.
  6. The infrastructure category is highly prevalent in the market for Steel Round Bars. Growing investment for infrastructural development is expediting the segment’s growth.
  7. The North American region is anticipated to account for the largest share of the global steel round bars market, owing to the presence of solid infrastructure and the rise in construction projects.
  8. The market for steel round bars is expanding in Europe. The region has one of the finest automotive and construction industries, owing to this it is expected to grow fastest in the future.

A Look Back and a Look Forward - Comparative Analysis

The use of steel round bar materials in the petrochemical sector is one of the key market driving factors, as the oil and gas segments are growing at an irreversible rate due to increasing population and industrial growth. The rise of the market is being aided by the development and growth of the construction, automotive, and equipment manufacturing industries.

The excellent thermal and electrical conductivity, fire resistance, strong corrosion resistance, and other appealing qualities of stainless steel round bar make it particularly desirable in a variety of segments, promoting market growth.

The market witnessed staggered growth during the historical period 2018 - 2022. Infrastructure development was a significant contribution, with steel round bars serving as structural parts in buildings, bridges, and public projects. Demand was also boosted by the expansion of the manufacturing sector, which was powered by machinery components, industrial equipment, and tools.

Steel round bars were needed for support structures in renewable energy projects, as well as drilling and pipeline equipment in the oil and gas industry. These bars were critical in the automotive sector for making long-lasting axles and shafts.

The worldwide stainless-steel market will grow due to increased demand for machinery and automotive parts. Furthermore, the stainless steel round bar market is being driven by factors such as rising building projects, military, and aerospace, as the industry demands corrosion-free materials at work.

Global Steel Round Bars Market, 2018 - 2030, US$ Bn

Key Growth Determinants

  • Expanding Construction and Infrastructure Industries

Steel round bar demand is driven by infrastructure projects such as the construction of buildings, roads, bridges, and public utilities. Steel round bars of excellent quality are required for structural components, reinforcing bars, and other purposes in these projects.

Steel round bar demand is being fueled by rising infrastructure construction spending, particularly in emerging economies. Furthermore, the building industry is a significant driver of the steel round bar market.

Steel round bars are used in residential, commercial, and industrial construction projects for purposes such as beams, columns, foundations, and reinforcing. Steel round bar demand is being driven by continuous urbanisation, population growth, and increased construction expenditure.

  • Growing Design Improvements

Steel consumers today seek the highest quality steel bars with value-added qualities such as corrosion-resistant steel bars, and epoxy-coated, earthquake-resistant, and galvanised rebars. Steel round bars are the most commonly used for constructing buildings and infrastructure projects because they are more ductile and strong than their predecessors.

These bars are used as reinforcement to provide support to structural designs, to reduce cracking and temperature-induced stress, and to support other steel bars for equal distribution of the overall load. They have several advantages, including great durability, tensile strength, thermal resistance, and malleability.

  • Rise in Demand from Automotive Industry

The automobile industry is a major market driver for steel round bars. Steel round bars are used in this business because of their high tensile strength, dimensional correctness, weather resistance, heat stability, and lightweight nature. These are widely utilised in structural applications such as vehicle manifolds and other car chassis elements such as cross-member bars produced from carbon steel round bars.

They are also utilised in the production of axles for vehicles and buses, as well as other components that require better load-bearing capability, which these flat products can deliver. With increasing demand for automobiles the steel round bars are in high demand across the automotive industry.

Major Growth Barriers

  • Raw Material Price Fluctuations

Steel round bars are made from steel billets, which fluctuate in price due to factors such as raw material costs, market demand, and global economic conditions.

Raw material price volatility, particularly for iron ore and scrap metal, can provide difficulties for steel makers. Sudden price rises can have an impact on profits and make it challenging to sustain market-competitive pricing.

  • Intensive Competition and Pricing

The market for steel round bars is extremely competitive, with various manufacturers and suppliers competing for market share. As businesses compete for customers and contracts, intense competition can lead to pricing pressure.

Price wars and margin pressure can be detrimental to profitability, particularly for smaller or less vertically integrated enterprises in the market.

Key Trends and Opportunities to Look at

  1. Rising Adoption of High-performing Steel

High-performance steel round bars with greater strength, endurance, and particular qualities for demanding applications are in high demand. Steel round bars with enhanced properties such as high tensile strength, corrosion resistance, and fatigue resistance are driving this trend.

Manufacturers are spending in R&D to create new steel alloys that match these changing client demands.

  1. Growing Digitisation

The steel industry is embracing digitalisation and Industry 4.0 technologies, and this trend is extending to the steel round bars market. Manufacturers are integrating modern technologies such as automation, robots, data analytics, and Internet of Things (IoT) solutions to optimise production processes, improve quality control, and increase operational efficiency. These technology developments enable real-time monitoring, predictive maintenance, and seamless connection with customer supply chains.

  1. Popularity of Customised Solutions

Steel round bar customers are increasingly looking for customised solutions and value-added services. Manufacturers who provide customised steel round bars with specified dimensions, surface treatments, or unusual qualities can stand out in the market.

Furthermore, as customers seek full solutions from their steel suppliers, value-added services like precision cutting, heat treatment, and just-in-time delivery are becoming increasingly significant.

Global Steel Round Bars Market DROs

How Does the Regulatory Scenario Shape this Industry?

The market is predicted to expand as a result of rising industrialisation and increased government assistance for the development of end-use sectors. Because of expanding vehicle manufacturing, the automotive sector is likely to expand industry penetration shortly. Rising government spending, combined with rising disposable income, is fueling market expansion in the building sector. For example, in India, the government has taken several initiatives to enhance the sector, including the implementation of the National Steel Policy 2017 and the automatic acceptance of 100 percent Foreign Direct Investment (FDI) in the steel sector. By 2030-31, the initiative seeks to raise per capita steel consumption to 160 kg.

Fairfield’s Ranking Board

Top Segments

  1. Hot Rolled Category Wins Preference over Forged Steel Bars

Hot-rolled steel round bars have a high yield strength and good ductility, making them perfect for material toughness applications. Hot-rolled steel Round Bars are pre-heated, high-carbon steel round bars that have been hot-rolled. They are built of alloy steels and come in a variety of strengths depending on their application.

Furthermore, the forged steel bars category is projected to experience the fastest market growth. Forged steel bars are created by forging a hot-rolled circular bar under high pressure.

These bars offer a high resistance to stress and strain, making them perfect for heavy-duty applications such as bridges or building construction. Hot-rolled steel rounds are formed by subjecting soft iron to extensive rolling procedures to obtain more pliable metal forms.

  1. Construction Segment Will Surge Ahead

In 2022, the construction category dominated the industry. Steel round bars are in high demand in the construction industry due to the construction of various constructions. Steel round bars are utilised in construction because of their strength and endurance. They are simple to bend, cut, and combine with other steel materials.

Furthermore, they do not break into sharp edges that could cause harm during construction material transportation. The transportation & automobile category is anticipated to grow substantially throughout the projected period.

 Steel round bars are used in the transportation as well as automotive industries due to their high tensile strength, dimensional correctness, weather resistance, thermal stability, and lightweight. They are also utilised in the manufacture of axles for trucks and buses, as well as other components that require better load-bearing capacity, which can be given by employing these flat items.

  1. Stainless Steel Remains the Leading Segment

Stainless steel round bar can be found in a range of grades, including Cr-Ni, duplex and super duplex, and high nickel alloys. Cr-Ni is commonly employed due to its expanding application breadth as a result of the different alloying element compositions that may be used to improve qualities.

The alloys category is expected to experience the fastest growth within the forecast time frame. Alloys are austenitic stainless steel alloys with a medium to high level of corrosion resistance and low carbon levels, due to which is expected to drive market size in the approaching years.

  1. The Infrastructure Category Leads

In 2022, the infrastructure category led the market growth. Steel round bars are in high demand in the infrastructure sector, which is expected to increase at a rapid pace. The World Bank have estimated that the infrastructure investment shortfall due to highways alone is $8 trillion.

Steel rebar, which is used to support concrete, will become more widespread in road-building projects around the world in the future years. The steel round bar market will benefit from increased infrastructure development.

Moreover, the manufacturing food category is expected to grow fastest in the steel round bars market during the forecast period. Steel round bars are used in the industrial industry for a variety of purposes. Machinery components, shafts, fasteners, and tools are examples.

Steel round bars are in high demand as manufacturing operations expand, particularly in sectors such as automotive, aerospace, and equipment, since they provide strength, durability, and versatility in production processes.

Regional Frontrunners

North America Remains the

North America is the largest market for steel round bars, accounting for the majority of revenue. North America is another important market for steel round bars. The region's large manufacturing base, infrastructure projects, and automotive sector all contribute to the region's demand for steel round bars.

The construction industry, notably in the United States, drives the market with continuing commercial and residential development projects. Furthermore, the energy sector, including oil and gas exploration and infrastructure, demands steel round bars for a variety of purposes.

Global Steel Round Bars Market Regional Outlook, 2018 - 2030

Europe Likely to Witness the Significant Growth During Forecast Period

Steel round bars are the second-largest market in Europe. Europe also has a substantial market share for steel round bars. Steel round bar demand is driven by the region's emphasis on infrastructure development, which includes transportation and renewable energy projects.

The automobile industry, which is known for producing premium and luxury vehicles, also contributes to market growth. Furthermore, the construction sector, both residential and commercial, plays a significant role in the region's need for steel round bars.

North America Steel Round Bars Market, by Manufacturing Process, 2018 - 2030, US$ Bn

Fairfield’s Competitive Landscape Analysis

The global Steel Round Bars market is a consolidated market with fewer major players present across the globe. The key players are introducing new products as well as working on the distribution channels to enhance their worldwide presence. Moreover, Fairfield Market Research is expecting the market to witness more consolidation over the coming years.

Who are the Leaders in Global Steel Round Bars Space?

  1. ArcelorMittal S.A.
  2. Nippon Steel Corporation
  3. Tata Steel Ltd.
  4. POSCO
  5. Baosteel Group Corporation
  6. Hyundai Steel Company
  7. Jiangsu Shagang Group Company Limited
  8. JFE Holdings Inc.
  9. EVRAZ plc
  10. Gerdau S.A.
  11. Thyssenkrupp AG
  12. Nucor Corporation
  13. SAIL
  14. Outokumpu Oyj
  15. Acerinox S.A.

Significant Company Developments

Government Measures

  • June 2023: Due to the apparent little impact on domestic producers, the UK government has announced the elimination of a 4% countervailing tariff on stainless steel bars and rods imported from India. The government has agreed to the Trade Remedies Authority's (TRA) recommendation to abolish the countervailing duty on stainless steel bars and rods imported from India.

Distribution Agreement

  • September 2023: Shyam Steel has declared plans to expand its retail operations in Punjab and Jammu and Kashmir. To enhance its retail reach in both states, the corporation will extend its dealer distribution network. The steel business in Punjab Jammu and Kashmir has enormous growth potential, and Shyam Steel intends to be one of the leaders in the major TMT bar segment across North India.

Product Developments

  • July 2022: ArcelorMittal has introduced a new high-strength steel round bar line. These bars are intended for use in applications requiring exceptional strength and longevity, such as those found in the construction and automotive industries.
  • June 2022: Tata Steel introduced a new line of stainless steel round bars. These bars are intended for use in areas requiring corrosion resistance, such as the food and beverage industries.

An Expert’s Eye

Demand and Future Growth

As per Fairfield’s Analysis, the steel round bar market size is predicted to expand significantly over the next seven years due to rising demand in construction applications such as structural elements in tension, load transfer devices, tie rods, and bridge pins.

Consumption of bars will increase due to their outstanding qualities such as corrosion resistance, electrical and thermal conductivity, magnetism, high strength, toughness, fire resistance, and environmental benefits like as recyclability.

Furthermore, rising demand for door handles, glass façade spiders, post-tension tie rods, cable anchoring heads, and glass beams will boost industry share shortly. However, rising nickel prices, combined with high manufacturing costs, are projected to limit market growth over the forecast period.

Supply Side of the Market

According to our analysis, the market is distinguished by fierce competition among producers and suppliers, with an emphasis on advanced steel grades, sustainability, and the development of creative applications.

Outokumpu and ThyssenKrupp are two multinational corporations with a considerable presence in the NAFTA region. Outokumpu's Richburg facility produces round bar in a variety of conventional and custom materials and grades for use in valves, fittings, flanges, and other machine components in the chemical processing, oil exploration, food and beverage, pulp and paper, and aerospace sectors.

Global Steel Round Bars Market is Segmented as Below:

By Manufacturing Process:

  • Hot-rolled
  • Cold-rolled
  • Forged

By End-use Industry:

  • Transportation & Automotive
  • Construction
  • Power & Energy Generation
  • Oil & Gas
  • Manufacturing
  • Aerospace
  • Others

By Material type:

  • Alloy
  • Carbon
  • Mild
  • Stainless
  • Tool Steel
  • Others

By Geographic Coverage:

  • North America 
    • U.S. 
    • Canada 
  • Europe 
    • Germany
    • U.K.
    • France
    • Italy
    • Turkey
    • Russia
    • Rest of Europe 
  • Asia Pacific 
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America 
    • Brazil 
    • Mexico 
    • Argentina
    • Rest of Latin America 
  • Middle East & Africa  
    • GCC 
    • South Africa
    • Egypt
    • Nigeria
    • Rest of the Middle East & and Africa

1. Executive Summary
    1.1. Global Steel Round Bars Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, by Value/Volume, 2022
    1.5. Analyst Recommendations

2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
           2.2.1. Drivers
           2.2.2. Restraints
           2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. Porter’s Five Forces Analysis
        2.5. Covid-19 Impact Analysis
           2.5.1. Supply
           2.5.2. Demand
    2.6. Impact of Ukraine-Russia Conflict
    2.7. Economic Overview
           2.7.1. World Economic Projections
    2.8. PESTLE Analysis

3. Global Steel Round Bars Market Outlook, 2018 - 2030
    3.1. Global Steel Round Bars Market Outlook, by Manufacturing Process, Value (US$ Bn), 2018 - 2030
           3.1.1. Key Highlights
                 3.1.1.1. Hot-rolled
                 3.1.1.2. Cold-rolled
                 3.1.1.3. Forged
    3.2. Global Steel Round Bars Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2030
           3.2.1. Key Highlights
                 3.2.1.1. Alloy
                 3.2.1.2. Carbon
                 3.2.1.3. Mild
                 3.2.1.4. Stainless
                 3.2.1.5. Tool Steel
                 3.2.1.6. Others
    3.3. Global Steel Round Bars Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
           3.3.1. Key Highlights
                 3.3.1.1. Transportation & Automotive
                 3.3.1.2. Construction
                 3.3.1.3. Power & Energy Generation
                 3.3.1.4. Oil & Gas
                 3.3.1.5. Manufacturing
                 3.3.1.6. Aerospace
                 3.3.1.7. Others
    3.4. Global Steel Round Bars Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
           3.4.1. Key Highlights
                 3.4.1.1. North America
                 3.4.1.2. Europe
                 3.4.1.3. Asia Pacific
                 3.4.1.4. Latin America
                 3.4.1.5. Middle East & Africa

4. North America Steel Round Bars Market Outlook, 2018 - 2030
    4.1. North America Steel Round Bars Market Outlook, by Manufacturing Process, Value (US$ Bn), 2018 - 2030
           4.1.1. Key Highlights
                 4.1.1.1. Hot-rolled
                 4.1.1.2. Cold-rolled
                 4.1.1.3. Forged
    4.2. North America Steel Round Bars Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2030
           4.2.1. Key Highlights
                 4.2.1.1. Alloy
                 4.2.1.2. Carbon
                 4.2.1.3. Mild
                 4.2.1.4. Stainless
                 4.2.1.5. Tool Steel
                 4.2.1.6. Others
    4.3. North America Steel Round Bars Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
           4.3.1. Key Highlights
                 4.3.1.1. Transportation & Automotive
                 4.3.1.2. Construction
                 4.3.1.3. Power & Energy Generation
                 4.3.1.4. Oil & Gas
                 4.3.1.5. Manufacturing
                 4.3.1.6. Aerospace
                 4.3.1.7. Others
           4.3.2. BPS Analysis/Market Attractiveness Analysis
    4.4. North America Steel Round Bars Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           4.4.1. Key Highlights
                 4.4.1.1. U.S. Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 4.4.1.2. U.S. Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 4.4.1.3. U.S. Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 4.4.1.4. Canada Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 4.4.1.5. Canada Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 4.4.1.6. Canada Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
           4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Steel Round Bars Market Outlook, 2018 - 2030
    5.1. Europe Steel Round Bars Market Outlook, by Manufacturing Process, Value (US$ Bn), 2018 - 2030
           5.1.1. Key Highlights
                 5.1.1.1. Hot-rolled
                 5.1.1.2. Cold-rolled
                 5.1.1.3. Forged
    5.2. Europe Steel Round Bars Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2030
           5.2.1. Key Highlights
                 5.2.1.1. Alloy
                 5.2.1.2. Carbon
                 5.2.1.3. Mild
                 5.2.1.4. Stainless
                 5.2.1.5. Tool Steel
                 5.2.1.6. Others
    5.3. Europe Steel Round Bars Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
           5.3.1. Key Highlights
                 5.3.1.1. Transportation & Automotive
                 5.3.1.2. Construction
                 5.3.1.3. Power & Energy Generation
                 5.3.1.4. Oil & Gas
                 5.3.1.5. Manufacturing
                 5.3.1.6. Aerospace
                 5.3.1.7. Others
           5.3.2. BPS Analysis/Market Attractiveness Analysis
    5.4. Europe Steel Round Bars Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           5.4.1. Key Highlights
                 5.4.1.1. Germany Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 5.4.1.2. Germany Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.3. Germany Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 5.4.1.4. U.K. Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 5.4.1.5. U.K. Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.6. U.K. Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 5.4.1.7. France Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 5.4.1.8. France Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.9. France Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 5.4.1.10. Italy Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 5.4.1.11. Italy Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.12. Italy Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 5.4.1.13. Turkey Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 5.4.1.14. Turkey Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.15. Russia Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 5.4.1.16. Russia Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.17. Russia Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 5.4.1.18. Rest of Europe Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 5.4.1.19. Rest of Europe Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 5.4.1.20. Rest of Europe Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
           5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Steel Round Bars Market Outlook, 2018 - 2030
    6.1. Asia Pacific Steel Round Bars Market Outlook, by Manufacturing Process, Value (US$ Bn), 2018 - 2030
           6.1.1. Key Highlights
                 6.1.1.1. Hot-rolled
                 6.1.1.2. Cold-rolled
                 6.1.1.3. Forged
    6.2. Asia Pacific Steel Round Bars Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2030
           6.2.1. Key Highlights
                 6.2.1.1. Alloy
                 6.2.1.2. Carbon
                 6.2.1.3. Mild
                 6.2.1.4. Stainless
                 6.2.1.5. Tool Steel
                 6.2.1.6. Others
    6.3. Asia Pacific Steel Round Bars Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
           6.3.1. Key Highlights
                 6.3.1.1. Transportation & Automotive
                 6.3.1.2. Construction
                 6.3.1.3. Power & Energy Generation
                 6.3.1.4. Oil & Gas
                 6.3.1.5. Manufacturing
                 6.3.1.6. Aerospace
                 6.3.1.7. Others
           6.3.2. BPS Analysis/Market Attractiveness Analysis
    6.4. Asia Pacific Steel Round Bars Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           6.4.1. Key Highlights
                 6.4.1.1. China Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 6.4.1.2. China Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.3. China Steel Round Bars Market End-use Industry, Value (US$ Bn), 2018 - 2030
                 6.4.1.4. Japan Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 6.4.1.5. Japan Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.6. Japan Steel Round Bars Market End-use Industry, Value (US$ Bn), 2018 - 2030
                 6.4.1.7. South Korea Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 6.4.1.8. South Korea Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.9. South Korea Steel Round Bars Market End-use Industry, Value (US$ Bn), 2018 - 2030
                 6.4.1.10. India Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 6.4.1.11. India Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.12. India Steel Round Bars Market End-use Industry, Value (US$ Bn), 2018 - 2030
                 6.4.1.13. Southeast Asia Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 6.4.1.14. Southeast Asia Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.15. Southeast Asia Steel Round Bars Market End-use Industry, Value (US$ Bn), 2018 - 2030
                 6.4.1.16. Rest of Asia Pacific Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 6.4.1.17. Rest of Asia Pacific Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 6.4.1.18. Rest of Asia Pacific Steel Round Bars Market End-use Industry, Value (US$ Bn), 2018 - 2030
           6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Steel Round Bars Market Outlook, 2018 - 2030
    7.1. Latin America Steel Round Bars Market Outlook, by Manufacturing Process, Value (US$ Bn), 2018 - 2030
           7.1.1. Key Highlights
                 7.1.1.1. Hot-rolled
                 7.1.1.2. Cold-rolled
                 7.1.1.3. Forged
    7.2. Latin America Steel Round Bars Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2030
           7.2.1. Key Highlights
                 7.2.1.1. Alloy
                 7.2.1.2. Carbon
                 7.2.1.3. Mild
                 7.2.1.4. Stainless
                 7.2.1.5. Tool Steel
                 7.2.1.6. Others
    7.3. Latin America Steel Round Bars Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
           7.3.1. Key Highlights
                 7.3.1.1. Transportation & Automotive
                 7.3.1.2. Construction
                 7.3.1.3. Power & Energy Generation
                 7.3.1.4. Oil & Gas
                 7.3.1.5. Manufacturing
                 7.3.1.6. Aerospace
                 7.3.1.7. Others
           7.3.2. BPS Analysis/Market Attractiveness Analysis
    7.4. Latin America Steel Round Bars Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           7.4.1. Key Highlights
                 7.4.1.1. Brazil Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 7.4.1.2. Brazil Steel Round Bars Market by Application, Value (US$ Bn), 2018 - 2030
                 7.4.1.3. Brazil Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 7.4.1.4. Brazil Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 7.4.1.5. Mexico Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 7.4.1.6. Mexico Steel Round Bars Market by Application, Value (US$ Bn), 2018 - 2030
                 7.4.1.7. Mexico Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 7.4.1.8. Mexico Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 7.4.1.9. Argentina Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 7.4.1.10. Argentina Steel Round Bars Market Application, Value (US$ Bn), 2018 - 2030
                 7.4.1.11. Argentina Steel Round Bars Market Material Type, Value (US$ Bn), 2018 - 2030
                 7.4.1.12. Argentina Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 7.4.1.13. Rest of Latin America Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 7.4.1.14. Rest of Latin America Steel Round Bars Market by Application, Value (US$ Bn), 2018 - 2030
                 7.4.1.15. Rest of Latin America Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 7.4.1.16. Rest of Latin America Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
           7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Steel Round Bars Market Outlook, 2018 - 2030
    8.1. Middle East & Africa Steel Round Bars Market Outlook, by Manufacturing Process, Value (US$ Bn), 2018 - 2030
           8.1.1. Key Highlights
                 8.1.1.1. Hot-rolled
                 8.1.1.2. Cold-rolled
                 8.1.1.3. Forged
    8.2. Middle East & Africa Steel Round Bars Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2030
           8.2.1. Key Highlights
                 8.2.1.1. Alloy
                 8.2.1.2. Carbon
                 8.2.1.3. Mild
                 8.2.1.4. Stainless
                 8.2.1.5. Tool Steel
                 8.2.1.6. Others
    8.3. Middle East & Africa Steel Round Bars Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
           8.3.1. Key Highlights
                 8.3.1.1. Transportation & Automotive
                 8.3.1.2. Construction
                 8.3.1.3. Power & Energy Generation
                 8.3.1.4. Oil & Gas
                 8.3.1.5. Manufacturing
                 8.3.1.6. Aerospace
                 8.3.1.7. Others
           8.3.2. BPS Analysis/Market Attractiveness Analysis
    8.4. Middle East & Africa Steel Round Bars Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           8.4.1. Key Highlights
                 8.4.1.1. GCC Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 8.4.1.2. GCC Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 8.4.1.3. GCC Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 8.4.1.4. South Africa Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 8.4.1.5. South Africa Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 8.4.1.6. South Africa Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 8.4.1.7. Egypt Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 8.4.1.8. Egypt Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 8.4.1.9. Egypt Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 8.4.1.10. Nigeria Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 8.4.1.11. Nigeria Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 8.4.1.12. Nigeria Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
                 8.4.1.13. Rest of Middle East & Africa Steel Round Bars Market by Manufacturing Process, Value (US$ Bn), 2018 - 2030
                 8.4.1.14. Rest of Middle East & Africa Steel Round Bars Market by Material Type, Value (US$ Bn), 2018 - 2030
                 8.4.1.15. Rest of Middle East & Africa Steel Round Bars Market by End-use Industry, Value (US$ Bn), 2018 - 2030
           8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
    9.1. Material Type vs Application Heatmap
    9.2. Manufacturer vs Application Heatmap
    9.3. Company Market Share Analysis, 2022
    9.4. Competitive Dashboard
    9.5. Company Profiles
           9.5.1. ArcelorMittal S.A.
                 9.5.1.1. Company Overview
                 9.5.1.2. Product Portfolio
                 9.5.1.3. Financial Overview
                 9.5.1.4. Business Strategies and Development
           9.5.2. Nippon Steel Corporation
                 9.5.2.1. Company Overview
                 9.5.2.2. Product Portfolio
                 9.5.2.3. Financial Overview
                 9.5.2.4. Business Strategies and Development
           9.5.3. Tata Steel Ltd.
                 9.5.3.1. Company Overview
                 9.5.3.2. Product Portfolio
                 9.5.3.3. Financial Overview
                 9.5.3.4. Business Strategies and Development
           9.5.4. POSCO
                 9.5.4.1. Company Overview
                 9.5.4.2. Product Portfolio
                 9.5.4.3. Financial Overview
                 9.5.4.4. Business Strategies and Development
           9.5.5. Baosteel Group Corporation
                 9.5.5.1. Company Overview
                 9.5.5.2. Product Portfolio
                 9.5.5.3. Financial Overview
                 9.5.5.4. Business Strategies and Development
           9.5.6. Hyundai Steel Company
                 9.5.6.1. Company Overview
                 9.5.6.2. Product Portfolio
                 9.5.6.3. Financial Overview
                 9.5.6.4. Business Strategies and Development
           9.5.7. Jiangsu Shagang Group Company Limited
                 9.5.7.1. Company Overview
                 9.5.7.2. Product Portfolio
                 9.5.7.3. Financial Overview
                 9.5.7.4. Business Strategies and Development
           9.5.8. JFE Holdings Inc.
                 9.5.8.1. Company Overview
                 9.5.8.2. Product Portfolio
                 9.5.8.3. Financial Overview
                 9.5.8.4. Business Strategies and Development
           9.5.9. EVRAZ plc
                 9.5.9.1. Company Overview
                 9.5.9.2. Product Portfolio
                 9.5.9.3. Business Strategies and Development
           9.5.10. Gerdau S.A.
                 9.5.10.1. Company Overview
                 9.5.10.2. Product Portfolio
                 9.5.10.3. Financial Overview
                 9.5.10.4. Business Strategies and Development
           9.5.11. Thyssenkrupp AG
                 9.5.11.1. Company Overview
                 9.5.11.2. Product Portfolio
                 9.5.11.3. Financial Overview
                 9.5.11.4. Business Strategies and Development
           9.5.12. Nucor Corporation
                 9.5.12.1. Company Overview
                 9.5.12.2. Product Portfolio
                 9.5.12.3. Financial Overview
                 9.5.12.4. Business Strategies and Development
           9.5.13. Outokumpu Oyj
                 9.5.13.1. Company Overview
                 9.5.13.2. Product Portfolio
                 9.5.13.3. Financial Overview
                 9.5.13.4. Business Strategies and Development
           9.5.14. Acerinox S.A.
                 9.5.14.1. Company Overview
                 9.5.14.2. Product Portfolio
                 9.5.14.3. Financial Overview
                 9.5.14.4. Business Strategies and Development

10. Appendix
    10.1. Research Methodology
    10.2. Report Assumptions
    10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2018 - 2022

2023 - 2030

Value: US$ Million

 

REPORT FEATURES

DETAILS

Manufacturing Process Coverage

  • Hot-rolled
  • Cold-rolled
  • Forged

End-use Industry Coverage

  • Transportation & Automotive
  • Construction
  • Power & Energy Generation
  • Oil & Gas
  • Manufacturing
  • Aerospace
  • Others

Material Type Coverage

  • Alloy
  • Carbon
  • Mild
  • Stainless
  • Tool Steel
  • Others

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • ArcelorMittal S.A. 
  • Nippon Steel Corporation
  • Tata Steel Ltd.
  • POSCO
  • Baosteel Group Corporation
  • Hyundai Steel Company
  • Jiangsu Shagang Group Company Limited
  • JFE Holdings Inc.
  • EVRAZ plc
  • Gerdau S.A.
  • Thyssenkrupp AG
  • Nucor Corporation
  • SAIL
  • Outokumpu Oyj
  • Acerinox S.A. 

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Steel Round Bars Market

The worldwide market for steel round bars attained the size of US$2.7 Bn in 2022, which is likely to reach approximately US$3.9 Bn by the end of forecast year.

The projected rate of growth for the steel round bars market during 2023 - 2030 is 4.2%.

North America presently holds the largest share of the global steel round bars market valuation.

The primary factor projected to drive the steel round bars market expansion is the growing number of construction activities across various developing regions, and growing industrialisation.

By application, the construction segment represented the leading category in the global steel round bars market in 2022. Based on the end-use industry, the infrastructure segment constituted a major market share the same year.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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