Singapore Long Steel Products Market Size & Outlook
Global Market
Related Markets
Singapore long steel products market highlights
- The Singapore long steel products market generated a revenue of USD 911.5 million in 2023 and is expected to reach USD 1,238.0 million by 2030.
- The Singapore market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, rebars was the largest revenue generating product in 2023.
- Wire Rods is the most lucrative product segment registering the fastest growth during the forecast period.
Long steel products market data book summary
| Market revenue in 2023 | USD 911.5 million |
| Market revenue in 2030 | USD 1,238.0 million |
| Growth rate | 4.5% (CAGR from 2024 to 2030) |
| Largest segment | Rebars |
| Fastest growing segment | Wire Rods |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rebars, Wire Rods, Sections, Tubes |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Jindal Stainless, Emirates Steel, Arabian Gulf Steel Industries, Hamriyah Steel, Rajhi Steel, Union Iron & Steel, Watania Steel |
Other key industry trends
- In terms of revenue, Singapore accounted for 0.1% of the global long steel products market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China long steel products market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 69,674.3 million by 2030.
Singapore's demand for long steel products is driven by the construction industry, which includes the development of commercial and residential buildings, infrastructure projects, and public works. The government has also been investing in new developments, such as the expansion of Changi Airport and the construction of new public transportation systems, which require significant amounts of steel.
Singapore has a limited number of local steel manufacturers and relies heavily on imports to meet its demand for long steel products. However, the country has developed a robust infrastructure for steel distribution, with several large steel stockiest and distributors operating in the market.
The COVID-19 has also fueled the demand for steel in Singapore. The pandemic resulted in the increased focus of the government of the country on healthcare and biomedical projects. There has been a surge in the construction of hospitals and medical facilities in Singapore that has led to an increase in demand for steel products such as reinforcing bars and structural steel.
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Publish Date: May 06, 2026
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Long Steel Products Market Scope
Long Steel Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ArcelorMittal SA Depository Receipt | View profile | 126,756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | www.arcelormittal.com |
| Jindal Stainless | View profile | 10001+ | New Delhi, Delhi, India, Asia | www.jindalstainless.com/ |
| Emirates Steel | View profile | 1001-5000 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | www.emiratessteel.com/ |
| Arabian Gulf Steel Industries | View profile | 1001-5000 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | www.agsi.ae/ |
| Hamriyah Steel | View profile | 101-250 | Hamriyah, Sharjah, United Arab Emirates, Asia | www.hamriyahsteel.ae |
| Rajhi Steel | View profile | 1001-5000 | Riyadh, Ar Riyad, Saudi Arabia, Asia | www.rajhisteel.com |
| Union Iron & Steel | View profile | 101-250 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | www.uis-uae.com |
| Watania Steel | View profile | - | Al Kharj, Ar Riyad, Saudi Arabia, Asia | www.wataniasteel.com/ |
Singapore Long Steel Products Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Long Steel Products Market Outlook will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 47.55% in 2023.
Horizon Databook has segmented the Singapore long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Singapore's demand for long steel products is driven by the construction industry, which includes the development of commercial and residential buildings, infrastructure projects, and public works. The government has also been investing in new developments, such as the expansion of Changi Airport and the construction of new public transportation systems, which require significant amounts of steel.
Singapore has a limited number of local steel manufacturers and relies heavily on imports to meet its demand for long steel products. However, the country has developed a robust infrastructure for steel distribution, with several large steel stockiest and distributors operating in the market.
The COVID-19 has also fueled the demand for steel in Singapore. The pandemic resulted in the increased focus of the government of the country on healthcare and biomedical projects. There has been a surge in the construction of hospitals and medical facilities in Singapore that has led to an increase in demand for steel products such as reinforcing bars and structural steel.
- Singapore Long Steel Products Market Product Outlook (Revenue, USD Million , 2018-2030)
- Rebars
- Wire Rods
- Sections
- Tubes
- Singapore Long Steel Products Market End-Use Outlook (Revenue, USD Million , 2018-2030)
- Building & Construction
- Automotive & Aerospace
- Railways & Highways
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore Long Steel Products Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Singapore Long Steel Products Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Singapore Long Steel Products Market, 2018-2030 (US$M)
Singapore long steel products market statistics, by product, 2018-2030 (US$M)
