Steel Rebar Market Size - By Product, By Process, By Application, By Region, Forecast 2025 – 2034

Steel Rebar Market Size

The global steel rebar market was valued at USD 152.6 billion in 2024. The market is expected to grow from USD 158.8 billion in 2025 to USD 233 billion in 2034, at a CAGR of 4.4%.
 

Due to increasing investment in infrastructure development projects and construction activities, particularly in emerging economies, growth of market is growing. It is a steel rebar which helps in preserving the durability and strength of roads, bridges, buildings, and dams for the longest period. Moreover, standing concrete constructions also need it. Alongside this, the growth is attributed to increased urban population and the ever-growing need of dependable infrastructure. For example, United States Census Bureau states, total spending on construction increased by 9.7% in May 2022 to USD 1.77 trillion from USD 1.62 trillion during the same time last year. Residential construction spending has increased by 18.7% to reach USD 947.27 billion.

 

In addition, this demand is fueled by government spending and activities with massive infrastructure projects taking place all over the globe. Some of them, especially bridges, highways, and dams, the large-scale infrastructure ones, need a lot of steel rebar as the main material to improve their durability and safety. Therefore, implementation of major construction and infrastructure initiatives is highly propelling the expansion of the steel rebar market. For example, the United States government estimates the nation has 45,000 bridges and major roadways that require repairs at best. The Act assigns USD 110 billion of the budget for infrastructure reconstruction.
 

Steel Rebar Market Trends

• As cities grow, steel rebars are widely used in non-residential activities like infrastructure projects, commercial development, and in the oil and gas services. Non-residential construction projects like bridges, office buildings, and factories require strong steel rebar to ensure that the structures are built with strength and are capable of lasting for a long time. The growth in non-residential activity results in the increase of rebar usage, thus accelerating economic growth. For instance, the non-residential market stood at USD 997.14 billion in March 2023, which is up 18.8% from the previous year according to the United States Census Bureau.
   
• The integration of green steel technology and sustainable rebar processes is expected to open new growth opportunities. High demand for robust performance rebars in certain seismic zones is likely to foster innovative specialized products. Improved automation and digitalization of steel making is anticipated to increase efficiency and lower costs. The evolution of preassembled building construction is likely to boost the need for common type rebars. Moreover, the upgrading of infrastructure in developed countries is likely to provide additional opportunities for revenue for these market participants.
   

Steel Rebar Market Analysis

• Based on product, the steel rebar market is classified as Deformed and Mild. The Deformed segment dominated the market, accounting for USD 115.1 billion in 2024 and is expected to grow at a CAGR of 4.4% during the forecast period of 2025-2034. This stems from its spherical shape which increases material Stickiness and decreases Slippage in concrete.
   
• In addition, the greater need for deformed steel reinforcers propels growth of the market. Deformed steel rebars are widely used in construction as prestressed reinforcing bars for slapping cement beams and columns and minimizing their slips.
   

• Based on Application, the steel rebar market is classified into Residential Buildings, Public Infrastructure, and Industrial. The Public Infrastructure dominated the market with 61.6% of the market share in 2024 and is expected to reach USD 144.7 billion over the forecast period of 2025-2034. All countries are investing heavily into the construction of large-scale projects like roads and highways, bridges and railway systems, airports, and other public transportation systems.
   
• A vast amount of steel is needed to construct those edifices together with needed steel rebars for superstructure stiffness and durability which leads to great market growth. As an instance, the Canadian federal and Quebec provincial governments made up their mind in July 2021 to cofinance water cleaning structures. They intend the federal government together with the Quebec government will bring in 16.1 million dollars each.
   

• The U.S. steel rebar market was valued at USD 12.2 billion in 2024 and is anticipated to drive significant growth in the industry over the forecast period. As a result of significant spending on the construction and maintenance activities of infrastructure like roads, bridges, and public transport networks, there has been an increased demand for steel rebar.
   
• The Infrastructure Investment and Jobs Act is an example of an initiative taken by the federal and state governments, which has greatly increased the need for building materials, especially steel rebar in the country. For example, the US government passed the Infrastructure Investment Jobs Act in 2021 with the aim of improving public infrastructure and boosting the economy by funding multiple projects that include ports, bridges, trains, highways, and communication systems.
   
• China dominated the Asia pacific steel rebar market with 37% of market share in 2024. The ever-growing construction sector of China has experienced unparalleled urbanization, industrialization, accompanied by a vigorous drive from the government which are the main factors contributing towards the fast and vast growth of construction in China. There is a considerable spending from Chinese government in infrastructure investment such as roads, bridges, trains, and city transit systems which requires the use of steel rebar on a huge scale.
   
• As an example, over 573 billion dollars were given by the Chinese government to its local governments for special purpose bonds (SPB) in the year 2021 for the specific aim of fixing the infrastructure of the country. A considerable number of SPB’s, to the tune of 50%, was used for financing the development of transportation infrastructure and industrial parks.
   

Steel Rebar Market Share

• In 2024, the market players, such as ArcelorMittal, Nippon Steel Corporation, Tata Steel, Nucor Corporation and Gerdau SA, collectively held around 15%-20% market share.
   
• Nucor processes steel manufacture and offers a variety of products such as fabrication and structural steel and processed steel products. They also pursue investments in materials that complement their steel activities, like their steel mills which comprise of bar, tubular, plate, sheet and structural steel mills. Additionally, Nucor offers cold finished bar, metal building, and open web steel joist components.
   
• ArcelorMittal is giving rise to the new entity, one of the largest global players in the manufacture and processing of steel rebar. ArcelorMittal exists as an integrated steel company with mining premises, having its head office established in Luxembourg. With a wide range of high-quality steel production under their name, they deal with semi-finished goods like plates, as well as finished items like roads, bars and other structural long products.
   

Steel Rebar Market Companies

Major players operating in the steel rebar industry are:

• Acerinox S.A
• ArcelorMittal
• Commercial Metals Company
• Daido Steel Co Ltd
• Gerdau S/A
• HBIS Group
• Jiangsu Shagang Group
• JSW
• NIPPON STEEL CORPORATION
• NLMK
• Nucor
• POSCO HOLDINGS INC.
• SAIL
• Steel Dynamics, Inc
• Tata Steel
   

The steel rebar market is highly fragmented in nature due to the presence of local and global players. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions and facility expansions & collaborations, to diversify the product portfolios, expand the customer base, and strengthen its market position. Major players are actively trying to cluster together through mergers and acquisitions. These moves bolster enabling platforms for R&D, expanding distribution, and advertising the brand thus increasing recognition in the market. The competitive landscape consists of both premium and midrange sellers, making the industry more competitive based on product value, technology, and service.
 

Steel Rebar Industry News

• In November 2023, the month Nippon Steel focused on buying parts from Teck Resources for their needed coking coal for steel production and other needed parts. Nippon Steel remarked that the prices of raw materials and the raw materials themselves, such as iron ore, coal and coking coal, are volatile and such steps will help maintain a smooth supply. This plan is also part of a bigger movement to gain control over other places of supply as Nippon Steel outbids others to gain a 20% share.
   
• In August 2023, the sales projections of NHB were very optimistic, leading them to forecast further growth of their long steel products in the production of all types of long products. JSW has 28% production capability currently and has plans to bring this up to 35%.
   
• In February 2022, Nucor Corporation announced the completion of its acquisition of a majority ownership position in California Steel Industries, Inc. (CSI), transforming CSI into a joint venture business held 51% by Nucor and 49% by JFE Steel. CSI is a flat-rolled steel converter that can generate over two million tons of finished steel and steel products per year.
   
• In February 2022. FABco, LLC, a prominent supplier of concrete construction materials and steel rebars, has purchased Volunteer Rebar. This acquisition is expected to help the company accelerate its expansion and provide services to customers in Tennessee, United States.
   

The steel rebar market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) (Million Tones) from 2021 to 2034, for the following segments:

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Market, By Product

• Deformed
• Mild

Market, By Process

• Basic oxygen steelmaking
• Electric arc furnace 

Market, By Application

• Residential buildings
• Public infrastructure
• Industrial

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa