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Written by Alex » Updated on: November 08th, 2024
By December 2023, in the fourth quarter, the price of long steel in the USA reached 1513 USD per metric ton. The latest report by IMARC Group, titled "Long Steel Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Long Steel prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Long Steel Prices December 2023:
Report Offering:
The study delves into the factors affecting Long Steel price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/long-steel-pricing-report/requestsample
Long Steel Price Trend- Q4 2023
Long steel refers to steel products that are manufactured in long lengths and are commonly used in construction and infrastructure projects. This category includes products such as rebar (reinforcing bars), wire rods, rails, and structural sections like beams, angles, and channels. Long steel is essential for reinforcing concrete in buildings, bridges, and other structures, providing the necessary strength and support. Additionally, it is used in the manufacturing of various industrial components and machinery. At present, long steel is gaining immense traction in the construction and engineering sectors across the globe due to its durability, versatility, and structural integrity.
Long Steel Market Analysis
The global long steel market size reached US$ 424 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 674.93 Billion, at a projected CAGR of 5.30% during 2023-2032. The long steel market is primarily driven by the robust expansion of the construction and infrastructure sectors, particularly in emerging economies experiencing rapid urbanization and modernization. As cities expand and new infrastructures, such as bridges, highways, and commercial buildings, are developed, the need for durable and high-strength materials like long steel becomes paramount. This trend is further supported by significant government investments in infrastructure projects aimed at boosting economic growth and improving public amenities, which, in turn, stimulate the demand for long steel products. Another key driver is the automotive industry, where long steel is essential for manufacturing various vehicle components, including frames, axles, and suspension systems. The rise in automobile production, especially in countries with growing economies, directly impacts the demand for long steel. Additionally, advancements in the steel manufacturing process, such as the development of high-strength, low-alloy steels, have enhanced the performance and application range of long steel products, making them more attractive to various industries. Technological innovations in construction techniques, such as the adoption of prefabricated steel structures and modular construction, also contribute to market growth by reducing construction time and costs, thereby increasing the appeal of long steel. Moreover, the ongoing emphasis on sustainable and eco-friendly construction practices has highlighted the recyclability and environmental benefits of steel, further driving its demand. The renewable energy sector, with its reliance on steel for the construction of wind turbines, solar panel mounts, and other infrastructure, is another emerging area fueling the long steel market. As the world shifts toward more sustainable energy sources, there has been a rise in demand for long steel in these applications, thus further expanding the market growth.
Browse Full Report: https://www.imarcgroup.com/long-steel-pricing-report
Key Points Covered in the Long Steel Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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IMARC Group
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Email: [email protected]
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