1. © 2017 Global Market Insights, Inc. USA. All Rights Reserved Steel Rebar Market Growth Outlook with Industry Review and Forecasts 2019-2024 www.gminsights.com  Owing to its massive deployment across numerous noteworthy business verticals along the likes of automotive, manufacturing, and construction, steel rebar market has grown by leaps and bounds in the recent times. Moreover, a robust steel production has been increasingly viewed as a vital indicator of the overall economic sturdiness of a nation. This has been particularly true pertaining to the emerging economies like China and India in the Asia Pacific region.  Speaking in the similar context, China produced approximately 823 million tons of steel in 2014 which accounted for almost 50 percent of the total steel production worldwide, as per the statistics published by the World Steel Association. With a 5.7 per cent jump in its crude steel output during the first 11 months of 2017, the Chinese steel manufacturers fraternity has defied the anticipated slowdown that was predicted to be caused by state-mandated factory closures and stringent regulatory guidelines to safeguard environment.

2.  Over the past two decades, the growth outlook of the worldwide steel rebar market has witnessed a renewed optimism. An upsurge in smart city projects across various nations coupled with massive budgetary outlays for infrastructure spending on highways and public utilities have propelled the steel rebar industry in the recent years. Moreover, the prominent companies operating in the steel manufacturing business have been essentially focusing on investing heavily toward expanding their production capabilities to meet the burgeoning demand for steel rebars from various business verticals.  Smart Cities initiative, in particular, has emerged as one of the most significant programs of the Indian government that would aim for a sustainable and high-quality infrastructure, connectivity, and mobility. The effective implementation of this initiative has underlined the necessity of steel structures for drainage, sewage, and transmission to ensure zero wastage and less maintenance.  With the major firms concentrating toward product upgradation and capacity expansion plans coupled with enormous investments by numerous regional governments, the steel rebar market share is bound to proliferate at a commendable pace. The rise in the construction of myriad steel-based structures in ambitious projects and the surging utilization of steel across numerous business domains would drive the growth trajectory of steel rebar market share which is estimated to surpass an overwhelming valuation of USD 170 billion by 2024. © 2017 Global Market Insights, Inc. USA. All Rights Reserved  Steel Rebar Market Scenario: www.gminsights.com

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4. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/2081  Competitive Analysis:  Key industry players are ArcelorMittal, Acerinox, Essar, Nippon & Sumitomo Metal Corporation, Gerdau, Tata, Jindal, Commercial Metals Company and SAIL. Other prominent industry players are Daido, Hyundai, NJR, Kobe and Byer. Manufacturers are anticipated to adopt merger & acquisition strategy to gain competitive advantage. For instance, Commercial Metals Company acquired U.S. steel rebar mills and fabrication assets from Gerdau valued USD 600 million to enhance market share.  Regional Analysis:  Considering the aforementioned instances, it would be quite apt to state that the growth potential of the Asia Pacific steel rebar market undoubtedly appears to be highly promising. In fact, as per a research report compiled by Global Market Insights, Inc., Asia Pacific region apportioned more than 65 percent of the total revenue share of the overall steel rebar industry in 2016.

5. Latest Research Report on Steel Rebar Market @ https://www.gminsights.com/industry-analysis/steel-rebar-market https://www.gminsights.com/industry-analysis/steel-rebar-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2081 https://www.gminsights.com/request-sample/detail/2081 Request for customization: https://www.gminsights.com/roc/2081 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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