PUBLISHER: Grand View Research | PRODUCT CODE: 1446589
PUBLISHER: Grand View Research | PRODUCT CODE: 1446589
U.S. Steel Merchant And Rebar Market Size, Share & Trends Analysis Report By Product (Merchant Bar, Rebar), By End-use (Construction, Infrastructure, Industrial), And Segment Forecasts, 2024 - 2030
U.S. Steel Merchant And Rebar Market Growth & Trends:
The U.S. steel merchant and rebar market size is anticipated to reach USD 14.29 billion by 2030 and is anticipated to expand at a CAGR of 5.4% during the forecast period, according to a new report by Grand View Research, Inc. The gradual recovery of construction sector is projected to provide a push to the market. As per Grand View Research, the construction sector in the U.S. is expected to observe moderate growth in 2024.
In the recent past, the U.S. economy has faced several different issues, including rising energy prices, labor shortages, high mortgage rates, rising inflation, and geopolitical pressure, among others. Despite this, the country's economy remained recession-free mainly due to private and public funding for infrastructure and manufacturing and a resilient consumer base.
As per recent macroeconomic projections by the Federal Reserve, inflation is expected to observe a gradual reduction, with an average of 2.5% in 2024 and 2.2% in 2025. This is likely to provide more opportunities in the construction sector. As reported by the U.S. Bureau of Labor Statistics, labor challenges are likely to continue over the long term. Owing to current labor shortage and people leaving industry, overall growth in labor force is anticipated to remain sluggish over coming years.
As reported by the White House, overall federal investment spending in the U.S. was USD 1,178 billion in 2022. However, it declined in 2023 to USD 840 billion. As per the proposed budget, investment spending is expected to increase by 2.4% in 2024. This is projected to benefit new infrastructure projects such as bridges, highways, ports, communication, and transportation infrastructure. This is likely to provide a push to U.S. steel merchants and the rebar industry over the coming years.
U.S. Steel Merchant And Rebar Market Report Highlights:
- By end-use, the construction segment dominated with 52.4% of the revenue share in 2023, owing to low to moderate construction activities in residential and non-residential segments
- The infrastructure segment is expected to grow at the fastest CAGR over the forecast period
- By product, rebar held the largest revenue share in 2023. Infrastructure spending on bridges and highways is expected to remain a positive factor for the market
- Stability in the construction sector in second half of 2024 is likely to drive demand for rebar and related building materials. Public and private investments are expected to rise in 2024 compared with 2023
- In December 2023, Nippon Steel Corporation announced its plans to acquire U.S. Steel. This is expected to benefit both companies, helping them expand their geographic footprint and reach more customers in near future
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Definition
- 1.2. Market Segmentation & Scope
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Steel Merchant And Rebar Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Steel Rebar Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Technological Overview
- 3.3. Sales Channel Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. Macro-environmental Analysis
Chapter 4. U.S. Steel Merchant And Rebar Market: Product Estimates & Trends Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. U.S. Steel Merchant And Rebar Market Estimates & Forecasts, By Product, 2018 to 2030 (Kilotons) (USD Million)
- 4.3. Rebar
- 4.3.1. U.S. Rebar Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Merchant Bar
- 4.4.1. U.S. Merchant Bar Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. U.S. Steel Merchant And Rebar Market: End-use Estimates & Trends Analysis
- 5.1. End-Use Movement Analysis & Market Share, 2023 & 2030
- 5.2. U.S. Steel Merchant And Rebar Market Estimates & Forecasts, By End-use, 2018 to 2030 (Kilotons) (USD Million)
- 5.3. Construction
- 5.3.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Infrastructure
- 5.4.1. Infrastructure Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Industrial
- 5.5.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. U.S. Steel Merchant And Rebar Market - Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Market Share/Position Analysis, 2023
- 6.4. Company Heat Map Analysis
- 6.5. Strategy Mapping
- 6.5.1. Expansion
- 6.5.2. Mergers & Acquisition
- 6.5.3. Partnerships & Collaborations
- 6.5.4. New Product Launches
- 6.5.5. Research And Development
- 6.6. Company Profiles
- 6.6.1. Acerinox S.A.
- 6.6.1.1. Participant's overview
- 6.6.1.2. Financial performance
- 6.6.1.3. Product benchmarking
- 6.6.1.4. Recent developments
- 6.6.2. CMC Steel
- 6.6.2.1. Participant's overview
- 6.6.2.2. Financial performance
- 6.6.2.3. Product benchmarking
- 6.6.2.4. Recent developments
- 6.6.3. EVRAZ U.S., Inc.
- 6.6.3.1. Participant's overview
- 6.6.3.2. Financial performance
- 6.6.3.3. Product benchmarking
- 6.6.3.4. Recent developments
- 6.6.4. Gerdau S.A.
- 6.6.4.1. Participant's overview
- 6.6.4.2. Financial performance
- 6.6.4.3. Product benchmarking
- 6.6.4.4. Recent developments
- 6.6.5. JFE Steel Corporation
- 6.6.5.1. Participant's overview
- 6.6.5.2. Financial performance
- 6.6.5.3. Product benchmarking
- 6.6.5.4. Recent developments
- 6.6.6. NIPPON STEEL CORPORATION
- 6.6.6.1. Participant's overview
- 6.6.6.2. Financial performance
- 6.6.6.3. Product benchmarking
- 6.6.6.4. Recent developments
- 6.6.7. Nucor
- 6.6.7.1. Participant's overview
- 6.6.7.2. Financial performance
- 6.6.7.3. Product benchmarking
- 6.6.7.4. Recent developments
- 6.6.8. Outokumpu
- 6.6.8.1. Participant's overview
- 6.6.8.2. Financial performance
- 6.6.8.3. Product benchmarking
- 6.6.8.4. Recent developments
- 6.6.9. Schnitzer Steel Industries(dba Radius Recycling)
- 6.6.9.1. Participant's overview
- 6.6.9.2. Financial performance
- 6.6.9.3. Product benchmarking
- 6.6.9.4. Recent developments
- 6.6.10. Steel Dyanamics, Inc.
- 6.6.10.1. Participant's overview
- 6.6.10.2. Financial performance
- 6.6.10.3. Product benchmarking
- 6.6.10.4. Recent developments
- 6.6.1. Acerinox S.A.
List of Tables
- Table 1 U.S. steel merchant and rebar market (Kilotons) 2018 - 2030 (USD Million)
- Table 2 U.S. steel merchant and rebar market by product 2018 - 2030 (Kilotons)
- Table 3 U.S. steel merchant and rebar market by product 2018 - 2030 (USD Million)
- Table 4 U.S. steel merchant and rebar market by end-use 2018 - 2030 (Kilotons)
- Table 5 U.S. steel merchant and rebar market by end-use 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market Segmentation & Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Model
- Fig. 4 Market Formulation & Data Validation
- Fig. 5 U.S. Steel Merchant And Rebar Market Snapshot
- Fig. 6 Segment Outlook
- Fig. 7 Competitive Landscape
- Fig. 8 Parent market outlook
- Fig. 9 U.S. Steel Merchant And Rebar Market Value, 2023 (USD Million)
- Fig. 10 U.S. Steel Merchant And Rebar Market - Value Chain Analysis
- Fig. 11 U.S. Steel Merchant And Rebar Market - Market Dynamics
- Fig. 12 U.S. Steel Merchant And Rebar Market - PORTER's Analysis
- Fig. 13 U.S. Steel Merchant And Rebar Market - PESTEL Analysis
- Fig. 14 U.S. Steel Merchant And Rebar Market Estimates & Forecasts, By Product: Key Takeaways
- Fig. 15 U.S. Steel Merchant And Rebar Market Share, By Product, 2023 & 2030
- Fig. 16 U.S. Steel Merchant Bar Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 17 U.S. Steel Rebar Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 18 U.S. Steel Merchant And Rebar Market Estimates & Forecasts, By End-use: Key Takeaways
- Fig. 19 U.S. Steel Merchant And Rebar Market Share, By End-use, 2023 & 2030
- Fig. 20 U.S. Steel Merchant And Rebar Market Estimates & Forecasts, in Construction, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 21 U.S. Steel Merchant And Rebar Market Estimates & Forecasts, in Infrastructure, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 22 U.S. Steel Merchant And Rebar Market Estimates & Forecasts, in Industrial, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 23 Key Company Categorization
- Fig. 24 Company Market Positioning
- Fig. 25 Strategy Mapping
