EU tightens curbs on Russia-linked steel trade Russia-linked steel trade faces tighter curbs Infrastructure demand boosts rebar consumption China expands steel derivatives market
The global long steel market is expected to see steady growth as infrastructure expansion, urban development and construction activity continue to support demand for rebars, wire rods, rails and merchant bars. According to The Insight Partners, the market was valued at US$751.69 billion in 2025 and is projected to reach US$1,007.05 billion by 2034, growing at a 3.72% CAGR from 2026 to 2034.
Long steel remains a key material for bridges, highways, railways, housing projects, commercial buildings and public utilities. Rebar continues to hold strong importance due to its wide use in reinforced concrete structures, while rails are gaining attention from transport infrastructure projects.
The market is also benefiting from rising urbanisation in emerging economies, especially across Asia Pacific, where industrialisation and large-scale infrastructure plans are increasing steel consumption. Producers are also adopting energy-efficient furnaces, recycled raw materials and cleaner production technologies to meet sustainability goals.For steel manufacturers, suppliers and traders, the outlook remains positive as demand for durable, high-strength and sustainable construction materials continues to grow worldwide.
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