The global steel market is projected to grow from USD 974.4 billion in 2024 to USD 1,289.7 billion by 2033, at a CAGR of 3.14%, driven by infrastructure development, the electric vehicle surge, and industrial automation. Key growth factors include megaprojects in smart cities and renewable energy, rising demand for advanced high-strength steel in electric vehicles, and increased use of specialty steel in automated manufacturing. Sustainability trends such as green steel production and smart steel applications are gaining momentum, with companies like SSAB, Tata Steel, and Thyssenkrupp leading innovation. The Asia Pacific region dominates the market, supported by rapid urbanization and government-led initiatives. The report also highlights structural steel as the largest product segment and building and construction as the primary application area.

The global metal recycling market was valued at US$54.5 billion in 2022 and is projected to reach US$92.2 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. Growth is driven by rising demand for sustainable raw materials, industrialization, government regulations promoting recycling, technological advancements, cost advantages over primary metal production, and the need to conserve natural resources. The market involves the collection, processing, and reuse of metals to reduce waste, conserve resources, lower energy consumption, and support sustainable manufacturing in sectors such as automotive, construction, and industrial machinery. In the U.S., higher tariffs and strategic acquisitions are strengthening the aluminum and steel recycling sector, while in Japan, innovations in urban mining and large-scale electric arc furnace (EAF) investments are advancing sustainability in steel production. Key players include Gerdau S/A, Nucor, Commercial Metals Company, Steel Dynamics, Schnitzer Steel Industries Inc., River Metals Recycling, ArcelorMittal, Aurubis AG, Dowa Holdings Co. Ltd, and Novelis Inc. The report uses primary and secondary data sources and includes analyses of market trends, demand-supply gaps, SWOT, PESTEL, Porter’s five forces, and value chain insights to provide strategic intelligence for stakeholders.

The global steel rebar market was valued at USD 212.9 billion in 2024 and is projected to reach USD 268.4 billion by 2030, growing at a CAGR of 4.0%. The market is segmented by type (deformed and mild), process (BOS and EAF), coating (plain carbon, galvanized, epoxy-coated), bar size (#3 to #8), and end-use sector (infrastructure, housing, industrial). Asia Pacific leads the market, driven by urbanization and government infrastructure spending in countries like China, India, and Vietnam. Key players include Nippon Steel Corporation, ArcelorMittal, Gerdau S/A, Nucor Corporation, Commercial Metals Company, TATA Steel, Steel Authority of India Limited, Mechel PAO, Steel Dynamics, Inc., NLMK Group, JSW, and Baosteel Group Co., Ltd. The infrastructure sector holds the largest market share, while plain carbon steel is expected to grow at the highest CAGR. Growth in green steel and corrosion-resistant rebars is driven by sustainability and safety standards. Challenges include import tariffs, anti-dumping measures, and limited recycling infrastructure in emerging economies.

The global steel rebar market is projected to grow from $212.9 billion in 2024 to $268.4 billion by 2030, at a CAGR of 4.0%, according to a recent study by MarketsandMarkets. Steel rebar, used to strengthen concrete structures, is categorized by type (deformed and mild), process (BOS and EAF), coating (plain carbon, galvanized, epoxy-coated), bar size (#3 to #8), and end-use sector (infrastructure, housing, industrial). Asia Pacific leads the market, driven by urbanization and government infrastructure spending in countries like China, India, and Vietnam. Key players include Nippon Steel, ArcelorMittal, Gerdau, Nucor, Commercial Metals, TATA Steel, Steel Authority of India, Mechel, Steel Dynamics, NLMK, JSW, and Baosteel. The infrastructure sector dominates market share, while plain carbon steel is expected to grow fastest in terms of CAGR. Drivers include urban transit expansion; restraints include import tariffs; opportunities include green steel from hydrogen-based DRI; challenges include limited recycling infrastructure in emerging economies.

Gerdau's Q2 earnings call highlighted a mixed outlook, with strong performance in North America driven by record low greenhouse gas emissions, robust demand, and a 61% contribution to consolidated EBITDA. The company issued USD 650 million in bonds and BRL 1.4 billion in debentures to strengthen cash flow and manage debt. Challenges in Brazil, including high import penetration and operational disruptions, led to reduced investments. Gerdau prioritized sustainability, shareholder returns, and debt management, with a 90% payout ratio and 68% completion of its 2025 share buyback program.