U.S. Steel Rebar Market Size, Share & Trends Analysis Report By Application (Construction, Infrastructure, Industrial), By Region (Northeast, Midwest, West), And Segment Forecasts, 2022 - 2030

Research Methodology

A three-pronged approach was followed for deducing the U.S. steel rebar market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for U.S. steel rebar market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of U.S. steel rebar market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

U.S. Steel Rebar Market Categorization:

The U.S. steel rebar market was categorized into two segments, namely application (Construction, Infrastructure, Industrial) and region (U.S.).

Segment Market Methodology:

The U.S. steel rebar market was segmented into application and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The U.S. steel rebar market was analyzed at a regional level.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

U.S. steel rebar market companies & financials:

The U.S. steel rebar market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Gerdau S.A. - Gerdau S.A. offers its products to end-use industries such as metallurgy, farming & livestock, construction, automotive, petrochemical, railway, and marine. It also manufactures specialty steel for the automotive industry. The company operates steel mills in Brazil, Argentina, Canada, Chile, India, Spain, Peru, the U.S., Uruguay, and Venezuela. It has industrial operations in 10 countries in the U.S., Europe, and Asia Pacific. The company’s annual crude steel production capacity was 20 million tons including 16.6 million tons for rolled steel production. The company offers steel rebar, merchant bar, and structural beam shapes.

• CMC Steel - CMC Steel is a manufacturer of various steel products. The company’s business segments include recycling, mills, and fabrication. Its operations are spread across the U.S., Eastern Europe, and Central Europe. In terms of revenue, the U.S., Europe, and the Rest of the World contributed around 79%, 16%, and 5%, respectively in 2021. The company’s annual capacity for ferrous and non-ferrous scrap recycling was 4.9 million tons as of December 2021.

• Steel Dynamics, Inc. - Steel Dynamics, Inc. is a metal recycler and manufacturer of steel products. The product portfolio of the company’s steel operations is divided into sheet steel and long products. Sheet steel products include hot roll, cold roll, and coated steel products, while long products include structural beams & shapes, engineered bars, merchant bars, threaded rods, specialty shapes, and rail. Key business operations of the company include manufacturing steel using continuous casting and electric arc furnaces, rolling mills, and downstream finishing facilities. These operations account for over 60% of the total revenue. Key end-use industries of the company are automotive, construction, energy, and manufacturing.

• Schnitzer Steel Industries, Inc. - Schnitzer Steel Industries, Inc. is one of the leading companies in the metal recycling market. The company’s key business activities include the recycling of ferrous and non-ferrous scrap and the production of finished steel products. It has a steel mill in Oregon, which produces finished steel products using primary raw materials and ferrous scrap. The company has steel recycling facilities at 23 locations in the U.S., Canada, and Puerto Rico. The company’s business segments include Cascade Steel and Scrap (CSS) and Auto and Metals Recycling (AMR). AMR segment deals with the recycling of ferrous and non-ferrous scrap and accounted for 76% of the total revenue generated by the company in 2021. CSS business segment produces merchant bars, rebars, wire rods, coiled rebars, and other specialty products from recycled scrap metal.

• Acerinox S.A. - Acerinox S.A. has been engaged in the manufacturing of stainless steel since 1970. The company offers stainless steel flat products and long & wire products, which are available in various grades including austenitic, duplex, ferritic, martensitic, and soldadura. Flat products are manufactured in North American Stainless (U.S.), Acerinox Europa (Spain), Bahru Stainless (Malaysia), and Columbus Stainless (South Africa). U.S.n Stainless (NAS), which was formed in 1990 as a joint venture with Armco was later acquired by Acerinox.

• Outokumpu - Outokumpu is one of the leading producers of stainless steel. Kemi mine in Finland provides key raw materials to the company for the manufacturing of stainless and related products. The company is highly focused on the usage of recycled content, which contributes around 90% of production. The company is highly concentrated in Europe with mills in Avesta, Sweden; Dahlebruck, Germany; Krefeld, Germany; NYBY, Sweden; Degerfors, Sweden; Tornio; Finland; and Terneuzen, Netherlands.

• EVRAZ U.S., Inc. - The company is a wholly-owned subsidiary of EVRAZ Plc. It specializes in manufacturing steel plates, coiled plates, wire rods, hollow structural steel, line pipes, and welded & seamless pipes. The company was formerly known as Rocky Mountain Steel, Oregon Steel, and IPSCO. The company has production facilities located in Pueblo, Colo; Regina, Saskatchewan; Portland, Ore; Red Deer, Alberta and Calgary, Camrose. The company also has 18 scrap operations in the U.S. and Canada. It is one of the leading companies in the production of steel plates and large-diameter pipes in the U.S.

• Liberty Steel USA - Liberty Steel USA is a subsidiary of LIBERTY Steel Group. The group is an integrated business and manufactures products from liquid steel to precision-engineered steel. The key industries served by the group include construction, industrial, automotive, oil & gas, agriculture, marine, infrastructure, aerospace, domestic appliances, power generation, mining, and others. Liberty Steel USA is one of the leading producers of wire rods with EAF melting and rolling facilities located in South Carolina and Illinois. The key industries served by the company include infrastructure, construction, transportation, agriculture, and machinery. The company has 2 million tons of annual rolling capacity. The products offered by the company include billet, industrial wire, PC strand, industrial wire, wire rods, and bar products.

• ArcelorMittal - The company manufactures a wide range of steel products, which includes coated steel and tinplate, slabs and coil, billets and blooms, wire rods and rebar, tubular products, high-strength steel, and electrical steel products. ArcelorMittal is one of the fifth largest producers of iron ore and metallurgical coal and mining business. It is also striving hard to curb the carbon footprint produced by developing advanced technologies such as 3D printing automotive parts using steel powders, adoption of artificial intelligence, and advanced automation across operations. The company provides steel to a wide range of end-use industries, which includes automotive, agriculture, construction, energy, packaging, transport, mining, infrastructure, and other industries.

• Nucor - The company’s reportable segments include steel mills, steel products, and raw materials. The steel mills segment includes bar mills, sheet mills, structural mills, plate mills, and tubular products. The steel products segment includes reinforcing products, steel mesh, gratings & fasteners, open-web steel joists, joist girders & steel decks, metal buildings & components, and cold-finished bar products. The raw materials segment includes scrap recycling & broken operations, direct reduced iron operations, and natural gas drilling programs. The company is also known for its recycling ability. The company is among the largest recyclers of any material in the U.S. The company has many subsidiaries and most of them operate independently as well, such as Harris Steel and The David J. Joseph Company.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

U.S. Steel Rebar Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2021, historic information from 2017 to 2020, and forecast from 2022 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

U.S. Steel Rebar Market Report Assumptions:

• The report provides market value for the base year 2021 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.