PUBLISHER: Market Research Future | PRODUCT CODE: 1656050
PUBLISHER: Market Research Future | PRODUCT CODE: 1656050
Report on Turkey & GCC Long Steel Products Market Research Information By Product Type ( Bars, Rods, Wire Rods, Sections), By Size ( Thickness) ( Less than 10 mm, Between 10 mm to 50 mm, Above 50 mm), By Size (Length) (below 6 meters, 6 to 12 meters, Above 12 meters), By Production Process (Basic Oxygen Furnace, Electric Arc Furnace, Induction Furnace), By Grade (Carbon Steel Grades{ Low Carbon Steel, Medium Carbon Steel, High Carbon Steel}, Alloy Steel Grades {Low Alloy Steel, Medium Alloy Steel, High Alloy Steel}, Rebar Grades , Structural Steel Grades, Others), By End Use (Construction, Automotive, Energy, Manufacturing, Others) , By Country Forecast to 2035
Market Analysis
The Turkey & GCC Long Steel Products Market industry is anticipated to experience a compound annual growth rate (CAGR) of 8.6% from USD 26,871.1 million in 2024 to USD 66,509.9 million by 2035.
Long steel products are steel materials that are produced in long configurations, including bars, rods, and wire rods. These products are utilized extensively in industries including automotive, energy, manufacturing, and construction. The high tensile strength and capacity to withstand large loads are the reasons why long steel products are extremely valuable in these industries. In addition, these steel products are capable of withstanding wear and tear under severe conditions, such as exposure to heat, moisture, and large loads, and they have a long lifespan. Processes such as hot rolling are employed to shape the steel into its long form during the manufacturing of long steel products. These products are primarily manufactured from billets, a semi-finished form of steel that is subsequently processed into lengthy shapes.
Insights into Market Segmentation
The long steel products market has been segmented into Wire Rods, Sections, Rods (TMT), and Bars based on product type.
The long steel products market has been segmented into the following categories: Carbon Steel Grades, Alloy Steel Grades, Rebar Grades, Structural Steel Grades, and Others. This segmentation is based on its grade.
The long steel products market has been segmented into three categories: Less than 10 mm, between 10 mm and 50 mm, and above 50 mm, based on thickness.
The long steel products market has been segmented into three categories: below 6 meters, 6 to 12 meters, and above 12 meters, based on length.
The long steel products market has been segmented into Basic Oxygen Furnace, Electric Arc Furnace, Induction Furnace, and Others, which are based on the production process.
The long steel products market has been segmented into the following categories: Construction, Automotive, Energy, Manufacturing, and Others, based on end-use.
Regional Perspectives
The Turkey & GCC Long Steel Products Market is segmented by country. The Turkey & GCC Steel Long Products Market is segmented into the following regions: Turkey and GCC. Turkey held most of the market share in 2023, with 52.23%.
Key Participants
EMSTEEL, SULB, Jindal Shadeed Iron and Steel LLC, Qatar Steel, Erdemir Group, Riyadh Steel Company, Al-Ittefaq Steel Products Company, Colakoglu Metalurji A.S., Tosyali Holding, Hadeed, and Al Rajhi Steel are among the key companies in the Turkey & GCC Long Steel Products Market.
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THE FINANCIAL INFORMATION OF THIS COMPANY IS NOT AVAILABLE IN THE PUBLIC DOMAIN.