The rebar market will grow by 5.5 percent annually
Analysts predict that the global steel rebar market will grow from $ 121.1 billion to $ 166.98 billion by 2026, with a projected annual growth of 5.50 percent.
A key factor driving the growth of the steel rebar market is the growing demand for steel rebar for construction projects from various end users such as infrastructure, housing and industrial segments.
HNY Research experts studied the data of market participants including such companies as ArcelorMittal, Gerdau SA, Nippon Steel & Sumitomo Metal Corporation, Steel Authority of India Limited (SAIL), Tata Steel, Essar Steel, Mechel OJSC, Evraz PLC others