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Turkey GCC Long Steel Products Market

ID: MRFR/CnM/39698-CR
196 Pages
Chitranshi Jaiswal
January 2025

Turkey & GCC Long Steel Products Market Research Report Information By Product Type ( Bars, Rods, Wire Rods, Sections), By Size ( Thickness) ( Less than 10 mm, Between 10 mm to 50 mm, Above 50 mm), By Size (Length) (below 6 meters, 6 to 12 meters, Above 12 meters), By Production Process (Basic Oxygen Furnace, Electric Arc Furnace, Induction Furnace), By Grade (Carbon Steel Grades{ Low Carbon Steel, Medium Carbon Steel, High Carbon Steel}, Alloy Steel Grades {Low Alloy Steel, Medium Alloy Steel, High Alloy Steel}, Rebar Grades , Structural Steel Grades, Others), By End Use (Construction, Automotive, Energy, Manufacturing, Others) , By Country -Forecast to 2035

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Turkey GCC Long Steel Products Market Summary

As per analysis, the Europe Long Steel Product Market is projected to grow from USD 113.28 Billion in 2024 to USD 145.43 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 2.3% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The Europe Long Steel Product Market is currently experiencing a robust growth trajectory driven by sustainability and technological advancements.

  • Germany remains the largest market for long steel products, reflecting a strong demand from the construction sector.
  • The UK is emerging as the fastest-growing region, particularly in the automotive segment, which is witnessing rapid technological innovations.
  • The construction segment continues to dominate the market, while the industrial segment is gaining momentum as a key growth area.
  • Rising demand from the construction sector and government initiatives focused on infrastructure development are significant drivers of market growth.

Market Size & Forecast

2024 Market Size 113.28 (USD Billion)
2035 Market Size 145.43 (USD Billion)
CAGR (2025 - 2035) 2.3%

Major Players

ArcelorMittal (LU), Tata Steel (GB), Thyssenkrupp (DE), Nucor Corporation (US), SSAB (SE), Celsa Group (ES), Severstal (RU), Metinvest (UA), Erdos Group (CN), Sidenor (GR)

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Turkey GCC Long Steel Products Market Trends

The Europe Long Steel Product Market is currently experiencing a dynamic phase characterized by evolving demand patterns and regulatory influences. The construction sector, a primary consumer of long steel products, appears to be driving growth as infrastructure projects gain momentum across various European nations. Additionally, sustainability initiatives are reshaping production processes, with manufacturers increasingly adopting eco-friendly practices to align with stringent environmental regulations. This shift not only addresses ecological concerns but also enhances the competitive edge of firms within the market. Moreover, the ongoing technological advancements in production techniques suggest a potential for increased efficiency and reduced costs. Innovations such as automation and digitalization are likely to play a pivotal role in optimizing operations. As the market adapts to these changes, stakeholders must remain vigilant to emerging trends and consumer preferences, which may influence future strategies. The interplay between traditional practices and modern innovations could define the trajectory of the Europe Long Steel Product Market in the coming years.

Sustainability Focus

The emphasis on sustainability within the Europe Long Steel Product Market is becoming increasingly pronounced. Manufacturers are adopting greener production methods to comply with environmental regulations and meet consumer expectations for eco-friendly products. This trend not only reduces carbon footprints but also enhances brand reputation, potentially attracting a more environmentally conscious clientele.

Technological Advancements

Technological innovations are reshaping the landscape of the Europe Long Steel Product Market. Automation and digitalization are being integrated into production processes, leading to improved efficiency and cost-effectiveness. These advancements may enable manufacturers to respond more swiftly to market demands and enhance overall productivity.

Infrastructure Development

Infrastructure development remains a key driver for the Europe Long Steel Product Market. Governments across the region are investing in various construction projects, which in turn fuels demand for long steel products. This trend indicates a robust pipeline of opportunities for manufacturers, as they align their offerings with the needs of the evolving construction sector.

Turkey GCC Long Steel Products Market Drivers

Government Initiatives and Regulations

Government policies and regulations play a pivotal role in shaping the Europe Long Steel Product Market. Various European governments are implementing initiatives aimed at promoting sustainable construction practices and reducing carbon emissions. For instance, the European Union's Green Deal aims to make Europe climate-neutral by 2050, which could lead to increased demand for eco-friendly long steel products. Additionally, regulations regarding the use of recycled materials in construction are becoming more stringent, encouraging manufacturers to innovate and adapt. This regulatory environment not only fosters growth in the long steel sector but also aligns with the broader goals of sustainability and environmental responsibility, thereby enhancing the market's appeal to both consumers and investors.

Rising Demand from Construction Sector

The Europe Long Steel Product Market is experiencing a notable surge in demand, primarily driven by the construction sector. As urbanization continues to escalate, the need for residential and commercial buildings is increasing. In 2025, the construction output in Europe was valued at approximately 1.5 trillion euros, indicating a robust growth trajectory. This growth is expected to persist, with projections suggesting a compound annual growth rate of around 3% through 2027. Consequently, long steel products, such as rebar and wire rod, are essential for reinforcing concrete structures, thereby solidifying their role in the construction landscape. The ongoing investments in infrastructure projects across various European nations further amplify this demand, positioning the Europe Long Steel Product Market favorably for sustained growth.

Growing Focus on Renewable Energy Projects

The transition towards renewable energy sources is creating new opportunities within the Europe Long Steel Product Market. As countries strive to meet their renewable energy targets, investments in wind and solar energy infrastructure are on the rise. For instance, the European Wind Energy Association reported that the wind energy sector alone is expected to require over 1 million tons of long steel products annually by 2026 for the construction of turbines and related infrastructure. This burgeoning demand from the renewable energy sector not only diversifies the applications of long steel products but also aligns with the broader sustainability goals of the European Union. Consequently, the Europe Long Steel Product Market is poised to benefit from this shift towards greener energy solutions.

Technological Innovations in Steel Production

Technological advancements are significantly influencing the Europe Long Steel Product Market. Innovations in production processes, such as electric arc furnace technology, are enhancing efficiency and reducing energy consumption. In 2025, it was reported that the adoption of these technologies led to a 15% reduction in production costs for long steel products. Furthermore, advancements in automation and digitalization are streamlining operations, improving product quality, and enabling manufacturers to respond swiftly to market demands. As the industry embraces these technologies, it is likely to witness increased competitiveness and profitability, thereby attracting further investments. The integration of smart manufacturing practices is expected to redefine the landscape of the Europe Long Steel Product Market, positioning it for future growth.

Increased Investment in Transportation Infrastructure

Investment in transportation infrastructure is a critical driver for the Europe Long Steel Product Market. Governments across Europe are prioritizing the enhancement of transportation networks, including roads, railways, and bridges, to support economic growth and connectivity. In 2025, it was estimated that transportation infrastructure projects accounted for approximately 30% of total construction spending in Europe. This trend is expected to continue, with significant funding allocated for projects aimed at modernizing and expanding existing infrastructure. Long steel products, such as rails and beams, are integral to these developments, ensuring the durability and safety of transportation systems. As such, the Europe Long Steel Product Market stands to gain substantially from these ongoing investments, reinforcing its importance in the broader economic landscape.

Market Segment Insights

By Application: Construction (Largest) vs. Automotive (Fastest-Growing)

In the Europe Long Steel Product Market, the application segment is predominantly dominated by the construction sector, which accounts for the largest share. This is driven by the ongoing urbanization and infrastructure development projects across various European nations. Additionally, the automotive industry is emerging as a significant contender in this market, reflecting a growing preference for long steel products in vehicle manufacturing processes. As these industries continue to develop, their demand for long steel products will also expand, influencing the overall market dynamics.

Construction (Dominant) vs. Automotive (Emerging)

The construction sector stands as the dominant application in the Europe Long Steel Product Market, characterized by its extensive utilization in building frameworks, bridges, and other infrastructure. This sector benefits from large-scale government investments and the need for sustainable building practices. On the prevailing side, the automotive industry is recognized as an emerging market within this segment, characterized by innovation in vehicle design and manufacturing. The push towards lighter and stronger materials is propelling the demand for long steel products in automotive applications, marking it as a segment to watch for future growth.

By End Use: Residential (Largest) vs. Industrial (Fastest-Growing)

In the Europe Long Steel Product Market, the end-use segments display a diverse distribution of market share. The residential sector continues to dominate, largely fueled by ongoing construction and renovation activity across various European nations. This segment's robust demand is underpinned by a growing population and an increasing trend towards urbanization, leading to higher steel requirements for residential buildings, infrastructure, and housing projects. Conversely, the industrial sector is rapidly emerging as the fastest-growing segment. This surge is primarily driven by advancements in manufacturing technologies and a robust demand for industrial applications. Furthermore, the push towards sustainable practices and increased infrastructure investments in various European countries are propelling the growth of long steel products in this segment, marking a significant shift in market dynamics in the coming years.

Residential (Dominant) vs. Transportation (Emerging)

The residential segment is currently the dominant player in the Europe Long Steel Product Market, characterized by its substantial demand driven by the construction of new homes and the renovation of existing structures. This sector's strong performance is attributed to increasing disposable incomes and a preference for modern housing solutions, which often incorporate long steel products for structural integrity and aesthetic appeal. On the other hand, the transportation segment, while emerging, is gaining traction through innovations in vehicle design and infrastructure improvements. As Europe shifts towards more sustainable transport solutions, the utilization of long steel products in rail, road, and other transport systems is expected to grow significantly. The interplay between these two segments showcases a market on the verge of evolution, responding to both consumer preferences and environmental imperatives.

By Product Type: Rebar (Largest) vs. Wire Rod (Fastest-Growing)

The Europe Long Steel Product Market is primarily dominated by Rebar, which accounts for a significant share of the total market. Rebar is widely used in the construction sector, particularly in residential and infrastructure projects, leading to its leading market position. Following Rebar, Wire Rod emerges as a rapidly growing segment, driven by increased demand in manufacturing and construction industries across Europe. The growth trends in the long steel product segment are shaped by several key drivers. The rising construction activities, especially in urban areas, are propelling the demand for Rebar as it is essential for reinforced concrete structures. Likewise, Wire Rod is experiencing a surge in demand due to its versatility in applications such as wire drawing and manufacturing of various finished products. This dual demand ensures a consistent growth trajectory for both segments in the coming years.

Rebar (Dominant) vs. Wire Rod (Emerging)

Rebar serves as a pivotal component in the European construction industry, characterized by its strength and reliability, making it the preferred choice for reinforcing concrete structures. Its dominant position is underpinned by the booming construction sector, which favors robust materials to ensure safety and durability. On the other hand, Wire Rod is emerging as a versatile material with growing applications ranging from automotive to manufacturing, benefiting from advancements in production technology and an increasing trend towards lightweight materials. Both segments are poised to continue their respective growth paths, with Rebar maintaining its dominance while Wire Rod captures market share as an innovative solution in modern manufacturing.

Get more detailed insights about Turkey GCC Long Steel Products Market

Regional Insights

Germany : Strong industrial base drives growth

Germany holds a commanding 30.0% market share in the Long Steel Product Market, valued at approximately €10 billion. Key growth drivers include robust demand from the automotive and construction sectors, supported by government initiatives promoting infrastructure development. Regulatory policies favor sustainable practices, enhancing production efficiency. The country’s advanced industrial framework and technological innovations further bolster consumption patterns, making it a pivotal player in the European market.

UK : Diverse applications fuel demand

The UK accounts for 18.5% of the Long Steel Product Market, with a value nearing €6 billion. Growth is driven by increasing demand in construction and renewable energy sectors. Government policies aimed at reducing carbon emissions are reshaping production methods, while infrastructure projects are on the rise. The market is characterized by a shift towards sustainable materials, influencing consumption trends significantly.

France : Infrastructure projects boost demand

France holds a 15.0% share of the Long Steel Product Market, valued at around €5 billion. Key growth drivers include extensive infrastructure projects and a strong automotive industry. Government initiatives focusing on green energy and sustainable construction are reshaping market dynamics. The demand for long steel products is expected to rise as urbanization continues, supported by favorable regulatory frameworks.

Russia : Diverse industrial applications thrive

Russia commands a 20.0% market share in the Long Steel Product Market, valued at approximately €7 billion. Growth is driven by the energy sector and construction projects, particularly in Siberia and the Far East. Government policies supporting local production and infrastructure development are pivotal. The competitive landscape features major players like Severstal and NLMK, contributing to a dynamic market environment.

Italy : Manufacturing sector drives growth

Italy represents 10.0% of the Long Steel Product Market, valued at about €3.5 billion. The manufacturing sector, particularly automotive and machinery, is a significant growth driver. Government initiatives aimed at enhancing industrial competitiveness and sustainability are influencing market dynamics. The demand for long steel products is expected to rise as Italy focuses on infrastructure improvements and energy efficiency.

Spain : Infrastructure projects fuel demand

Spain holds an 8.0% share of the Long Steel Product Market, valued at approximately €2.5 billion. The construction sector is the primary growth driver, supported by government investments in infrastructure. Regulatory policies promoting sustainable practices are reshaping production methods. The competitive landscape includes key players like Celsa Group, which significantly influences local market dynamics.

Rest of Europe : Varied growth across regions

The Rest of Europe accounts for 11.78% of the Long Steel Product Market, valued at around €4 billion. Growth drivers vary by country, with infrastructure development and industrial applications leading demand. Regulatory frameworks differ, impacting production and consumption patterns. The competitive landscape features a mix of local and international players, creating a dynamic market environment across various sectors.

Key Players and Competitive Insights

The Long Steel Product Market in Europe is characterized by a competitive landscape that is both dynamic and multifaceted. Key growth drivers include increasing demand from the construction and automotive sectors, alongside a push towards sustainable practices. Major players such as ArcelorMittal (LU), Tata Steel (GB), and Thyssenkrupp (DE) are strategically positioned to leverage these trends. ArcelorMittal (LU) focuses on innovation and sustainability, investing heavily in green steel technologies, while Tata Steel (GB) emphasizes regional expansion and digital transformation to enhance operational efficiency. Thyssenkrupp (DE) is pursuing strategic partnerships to bolster its market presence, particularly in the renewable energy sector. Collectively, these strategies shape a competitive environment that is increasingly focused on sustainability and technological advancement.

In terms of business tactics, companies are localizing manufacturing to reduce transportation costs and optimize supply chains. The market structure appears moderately fragmented, with several key players exerting influence over pricing and production capabilities. This fragmentation allows for a variety of competitive strategies, as companies seek to differentiate themselves through innovation and customer service.

In December 2025, ArcelorMittal (LU) announced a significant investment of €1 billion in a new green steel plant in Germany, aimed at reducing carbon emissions by 30% by 2030. This strategic move underscores the company's commitment to sustainability and positions it as a leader in the transition to low-carbon steel production. The investment is expected to enhance ArcelorMittal's competitive edge by aligning with the EU's stringent environmental regulations and meeting the growing demand for sustainable products.

In November 2025, Tata Steel (GB) launched a new digital platform designed to streamline its supply chain operations, enhancing transparency and efficiency. This initiative is indicative of the company's broader strategy to integrate digital technologies into its operations, potentially reducing lead times and improving customer satisfaction. By adopting such innovations, Tata Steel (GB) aims to strengthen its market position amidst increasing competition.

In October 2025, Thyssenkrupp (DE) entered into a strategic partnership with a leading renewable energy firm to develop steel production processes powered by green energy. This collaboration is expected to not only reduce operational costs but also align with global sustainability goals. The partnership reflects Thyssenkrupp's proactive approach to adapting to market demands and regulatory pressures, thereby enhancing its competitive stance.

As of January 2026, current competitive trends in the Long Steel Product Market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the landscape, allowing companies to pool resources and expertise to tackle common challenges. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technology adoption, and supply chain reliability. This shift suggests that companies that prioritize sustainable practices and technological advancements will be better positioned to thrive in the future.

Key Companies in the Turkey GCC Long Steel Products Market include

Industry Developments

September 2024 It was reported that Saudi Arabia’s Al Ittefaq, a major integrated mill and long steel producer, plans to proceed with an initial public offering (IPO) on the Saudi Stock Exchange, Tadawul, in 2024. A subsidiary of Al Tuwairqi Group, the company is preparing to finalize a financial consultancy agreement for the public offering. According to a source close to the company, the IPO is expected to take place in the first half of 2024, once all regulatory requirements have been completed.

March 2024: It was reported that Riyadh Steel Company's profits had surged to 11.1 million riyals by the end of 2023. This marks a significant increase compared to the 5.1 million riyals the company earned during the same period in 2022. Riyadh Steel, known for its operations in the steel manufacturing and scrap sales industry, saw its profitability more than double over the year, reflecting strong performance and growth in its sector.

Key Companies in the Turkey & GCC Long Steel Products Market include.

    • EMSTEEL
    • SULB
    • Jindal Shadeed Iron and Steel LLC
    • Qatar Steel
    • Erdemir Group
    • Riyadh Steel Company
    • Al-Ittefaq Steel Products Company
    • Colakoglu Metalurji A.S.
    • Tosyali Holding
    • Hadeed
    • Al Rajhi Steel

Future Outlook

Turkey GCC Long Steel Products Market Future Outlook

The Europe Long Steel Product Market is projected to grow at a 2.3% CAGR from 2025 to 2035, driven by infrastructure development, urbanization, and sustainable construction practices.

New opportunities lie in:

  • Expansion into renewable energy infrastructure projects
  • Development of high-strength, lightweight steel products
  • Investment in automated manufacturing technologies for efficiency

By 2035, the market is expected to achieve robust growth, driven by innovation and strategic investments.

Market Segmentation

Turkey GCC Long Steel Products Market End Use Outlook

  • Residential
  • Commercial
  • Industrial
  • Transportation
  • Utilities

Turkey GCC Long Steel Products Market Application Outlook

  • Construction
  • Automotive
  • Manufacturing
  • Energy
  • Infrastructure

Turkey GCC Long Steel Products Market Product Type Outlook

  • Rebar
  • Wire Rod
  • Structural Steel
  • Merchant Bar
  • Rail

Report Scope

MARKET SIZE 2024113.28(USD Billion)
MARKET SIZE 2025116.14(USD Billion)
MARKET SIZE 2035145.43(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)2.3% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledArcelorMittal (LU), Tata Steel (GB), Thyssenkrupp (DE), Nucor Corporation (US), SSAB (SE), Celsa Group (ES), Severstal (RU), Metinvest (UA), Erdos Group (CN), Sidenor (GR)
Segments CoveredApplication, End Use, Product Type
Key Market OpportunitiesIncreasing demand for sustainable construction materials drives innovation in the Europe Long Steel Product Market.
Key Market DynamicsRegulatory changes and sustainability initiatives drive innovation and competition in Europe's Long Steel Product Market.
Countries CoveredGermany, UK, France, Russia, Italy, Spain, Rest of Europe
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FAQs

What is the current valuation of the Europe Long Steel Product Market?

The market valuation was 113.28 USD Billion in 2024.

What is the projected market size for the Europe Long Steel Product Market by 2035?

The market is projected to reach 145.43 USD Billion by 2035.

What is the expected CAGR for the Europe Long Steel Product Market during the forecast period?

The expected CAGR for the market from 2025 to 2035 is 2.3%.

Which segments are driving the Europe Long Steel Product Market?

Key segments include Construction, Automotive, Manufacturing, Energy, and Infrastructure.

What are the projected valuations for the Construction segment by 2035?

The Construction segment is projected to grow from 45.0 USD Billion to 58.0 USD Billion.

How does the Automotive segment contribute to the market?

The Automotive segment is expected to increase from 20.0 USD Billion to 25.0 USD Billion.

What is the significance of the Industrial end-use segment in the market?

The Industrial segment is projected to grow from 30.0 USD Billion to 40.0 USD Billion.

Which key players are leading the Europe Long Steel Product Market?

Key players include ArcelorMittal, Tata Steel, Thyssenkrupp, and Nucor Corporation.

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