Long Steel Products Industry: Steel Rebar, Wire Rods, Steel Pipes & Tubes and Steel Section Market |

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Steel is a vital industry for global economic growth and long steel products play a crucial role in developing infrastructure across the globe. It is a key raw material used in producing long products for building & construction and various manufacturing activities. As per the World Steel Association, the total value contribution by the steel industry is USD 2.9 trillion, which is equivalent to 3.8% of the global GDP.

The rise in infrastructure projects globally, such as metro projects, railway bridges, highways, and mega city projects across the globe, has augmented the demand for long steel products in construction. For instance, in November 2021, the U.S. government signed a USD 1 trillion bipartisan infrastructure plan for the upgradation and construction of infrastructure in the country, such as roads, highways, bridges, airports, ports, and energy, from 2021 to 2026.

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