The global market for long products will grow by an average of 5 percent until 2020

According to the report of the research company WiseGuyReports, the widespread use of rolled steel in the cocking of bridges and columns, industrial and civil construction will increase the demand for these products in the world market and in Russia, in particular. In turn, Neva Metalwork Plant , specializing in the design, production and installation of construction and industrial metal structures, aspiration systems and oil separators, capacitive and non-standard equipment for the energy and oil and gas industry, road construction and mining, notes an increase in demand in this market segment.

In addition, the anticipated rapid industrialization and development of the Asia-Pacific region will be the main driver of growth over the next few years. Therefore, the global long steel market is likely to grow by more than 5 percent on average through 2020.

The market growth will also contribute to an increase in the use of steel scrap. Many countries such as India and China reported an increase in the use of ferrous scrap. Increased recycling of scrap metal will help to strengthen the economic viability of the industry, as well as reduce the environmental impact, which is the focus of policy in many countries. The demand for steel scrap is likely to increase significantly between 2016 and 2020, mainly due to the intention to reduce carbon dioxide emissions.

The report contains a detailed analysis of the global long products market by types: rebar, wire rod, pipes, sections, etc. It is noted that the rebar segment will experience the greatest growth in the coming years. In 2015, valves accounted for 35 percent of the market. Recent improvements in the quality of rebar will increase its use in the future and lead to an increase in market share in the coming years.

The report also provides geographic segmentation and analysis of the long products market. The main geographic centers will be America, APAC, Europe and MEA. In addition, it offers a comprehensive analysis of the leading suppliers in the market, including ArcelorMittal, EVRAZ, Gerdau, Hebei, Jiangsu Shagang, NSSMC and Tata Steel Europe. The report analyzed other well-known manufacturers such as Baosteel, Celsa, Heilongjiang, Mechel, and Riva Group.