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Steel Rebar Market worth USD 154.08 Billion by 2021

The steel rebar market is projected to reach USD 154.08 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. The demand for steel rebar can be attributed to the rising demand from different end users. Steel rebar in infrastructural projects is used for the construction of bridges, pavements, water sewage systems, airports, highways, and stadiums.

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Steel Rebar Market worth USD 154.08 Billion by 2021

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  1. Steel Rebar Market worth USD 154.08 Billion by 2021 The report "Steel Rebar Market by Type (Deformed Steel, Mild Steel), Process (Basic Oxygen Steelmaking Process, Electric Arc Furnace Process), End User (Infrastructure, Housing and Industrial), Region - Global Forecast to 2021", Growing usage of steel rebar in infrastructure, housing, and industrial segments is fueling the growth of the steel rebar market. This growth is mainly attributed to the rise in demand for steel rebar from the construction industry. View Full Report : https://www.marketsandmarkets.com/Market-Reports/steel-rebar-market-176200687.html

  2. Recent Developments In October 2016, ArcelorMittalBrasil S.A. and Votorantim S.A. signed a definitive agreement for long steel business. Under this agreement, VotorantimSiderurgia will work as a subsidiary of ArcelorMittalBrasil S.A. The agreement will help the company to increase its crude steel capacity of 5.6 million tons and annual rolling capacity of 5.4 million tons. In September 2015, Gerdau supplied 16,500 tons of steel including reinforcing steel bar for the Tampa International Airport expansion. The project is ongoing and is expected to be completed by the end of 2017. This will help Gerdau in supplying more steel for further expansion in the Tampa region. In September 2016, Nippon Steel & Sumitomo Metal Corporation established a new subsidiary in Vietnam, Nippon Steel & Sumitomo Metal Vietnam Company Limited. The new subsidiary is expected to cater to the growing social infrastructure, along with infrastructure and energy sectors in Vietnam View Full Report : https://www.marketsandmarkets.com/Market-Reports/steel-rebar-market-176200687.html

  3. Key Participants Major market players covered in the report are ArcelorMittal (Luxembourg), Gerdau S.A (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posco SS Vina, Co. Ltd (Vietnam), Steel Authority of India Limited (India), Tata Steel Ltd. (India), Essar Steel (India), Mechel PAO (Russia), EVRAZ plc (U.K.), Sohar Steel LLC (Oman), Celsa Steel UK (U.K.), Kobe Steel, Ltd. (Japan), Jiangsu Shagang Group Co., Ltd. (China), NJR Steel (South Africa), Commercial Metals Company (U.S.), The Conco Companies (U.S.), Barnes Reinforcing Industries (pty) Ltd (South Africa), Jindal Steel & Power ltd. (India), Steel Dynamics, Inc. (U.S.), Steel Asia Manufacturing Corporation (Philippines), OutokumpuOyj (Finland), Acerinox S.A. (Spain), Hyundai Steel Company (South Korea), Daido Steel Co., Ltd. (Japan), and Byer Steel Group Inc. (U.S.). Speak with Analyst View Full Report : https://www.marketsandmarkets.com/Market-Reports/steel-rebar-market-176200687.html

  4. On The Basis Of Region: The Asia-Pacific steel rebar market is projected to grow at the highest CAGR between 2016 and 2021. Growth in this market is mainly attributed to the increasing steel rebar consumption in the construction industry. China and India are the key markets for steel rebar. China plans to invest around USD 720 billion in its infrastructural projects by the end of 2019. Similarly, there are a large number of infrastructural projects in the pipeline in India. In addition, strong policy initiatives such as the mandatory use of domestic steel in government infrastructural projects and ‘Make in India’ are expected to support the growth of the domestic steel rebar market. Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/steel-rebar-market-176200687.html

  5. About Us MarketsandMarkets™provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach Markets and Markets™ for their pain points around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. View Full Report : https://www.marketsandmarkets.com/Market-Reports/steel-rebar-market-176200687.html

  6. How Markets & Markets is different? • Most-detailed market segmentation in the industry • In-depth analysis of patents and profiles of key market players providing a competitive landscape • Market data for segments such as technologies, services & applications across geographies • High level analysis of major market segments and identification of opportunities. Request for free sample report View Full Report : https://www.marketsandmarkets.com/Market-Reports/steel-rebar-market-176200687.html

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