Carbon steel round bars have carbon content up to 2.1% by weight. They are used as solid support structures in construction sectors and are mainly used in bridges, dams, flyovers, apartments, homes, and industrial structures. They are also widely used in making shafts, axles, braces, bath fittings, and machined components. Carbon steel round bars made from low carbon steel known as wrought iron are used in making fences, gates, and railings.

.Global Carbon Steel Round Bar Market: Trends & Developments

The Government of India’s vision of ‘Make in India’ to provide preference to domestically manufactured iron & steel products and encourage domestic manufacturing is expected to have a positive impact on the domestic carbon steel round bar market in India. World Steel Association has projected Indian steel demand to grow by 7.3% in 2019 while globally, steel demand has been projected to grow at a sluggish rate of 1.4% in 2019. The globally rising demand for steel products and the growing per capita finished steel consumption is expected to drive the global carbon steel round bar market during the forecast period.

Global Carbon Steel Round Bar Market: Segmentation

Based on composition, the global carbon steel round bar market can be segmented into low carbon steel, medium carbon steel, high carbon steel, and ultra-high carbon steel. Low carbon steel round bars have 0.04–0.3% carbon content and are the most common grade of carbon steel round bars used globally. Low carbon steel bars are ductile and highly formable, and hence are used in manufacturing automobile parts, fasteners, plates, and wire products. Low carbon steel round bars with manganese as an alloying element are used in manufacturing products, for instance, seamless tubes and boiler plates. Medium carbon steel round bars have 0.31–0.6% carbon content and are mainly used to manufacture end products such as shafts, axles, gears, rails, and railway wheels. High carbon steel round bars have 0.6–1% carbon content. Properties of high carbon steel makes them suitable for manufacturing springs, saw blades, cold chisels, wrenches, jaws for vices, edged tools, and high-strength wires. Ultra-high carbon steel round bars have 1.25–2% carbon content and are useful for manufacturing knives, axles, pneumatic drill bits, punches etc.

Global Carbon Steel Round Bar Market: Regional Outlook

In terms of region, the global carbon steel round bar market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is forecasted to dominate the global carbon steel round bar market in terms of consumption due to rapid industrialization and growing urban infrastructure. In Asia Pacific, China is expected to lead the carbon steel round bar market in terms of consumption due to a number of major automobile manufacturers and general industries shifting their production base to China. The liberalization of industrial policy and other initiatives undertaken by the Government of India have facilitated the entry, participation, and growth of the private sector in the steel industry. While the existing steel units are being modernized and expanded, a large number of new steel plants have also come up in different parts of the country based on modern, cost effective, state of-the-art technologies. The Indian market for carbon steel round bars is expected to grow at a significant CAGR during the forecast period due to industrialization and growing per capita finished carbon steel consumption.

Global Carbon Steel Round Bar Market: Key Players

Key players operating in the global carbon steel round bar market include ArcelorMittal SA, BGH Edelstahlwerke GmbH, Celsa Group, AK Steel Corp, Anshan Iron & Steel (Group) Corp, Al-Ittefaq Steel Products Co, BlueScope Steel Ltd, PT Bhirawa Steel, China Steel Corp, China Baowu Steel Group Co Ltd., Kalyani Steels Ltd., Micro Metal, and A TO Z STEELLOYS PVT LTD.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Carbon Steel Round Bar Market

Pre Book