Posted on 05 Apr 2016
According to the research report, rapid industrialization and development in the Asia-Pacific region will be the main driver of growth over the next few years. Extensive use of steel long products in bridges and columns will boost the demand for steel long products in the event of a boom in global construction market.
The market growth will also be driven by the increased usage of steel scrap. Many countries such as India and China have reported increased usage of scrap iron. The augmented use of scrap will help bolster the industry's economic viability and also reduces the environmental impact. The demand for steel scrap is likely to increase significantly during the period from 2016 to 2020, mainly on account of its reduced carbon dioxide emission.
The report provides detailed analysis of global steel long products market by type- rebars, wire rods, tubes, sections, and others. The report notes that rebars segment will turn out to be the largest market segment during the years to come. Rebars had accounted for a market share of 35% in 2015. The recent enhancements in rebar quality will augment its use further and will result in an increased market share during the coming years.
The
report also provides geographical segmentation and analysis of steel
long products market. The main geographical locations in focus are the
Americas, APAC, Europe and MEA. The report also features comprehensive
analysis of leading market vendors including ArcelorMittal
EVRAZ,
Gerdau, Hebei Iron And Steel, Jiangsu Shagang, NSSMC and Tata Steel
Europe. Other prominent vendors analyzed in the report are Baosteel,
Celsa Steel, Heilongjiang Jianlong Iron and Steel, Mechel, and Riva
Group.
