United States Rebar Steel Market [2028]: Trends & Opportunities
The United States rebar steel market is anticipated to grow at a steady pace in the forecast period, 2024-2028. During the projected period, it is anticipated that rising investments in infrastructure and development projects would drive the demand for steel rebar in the nation. Additionally, in 2022, the rate of global urbanization was 57 percent. North America had the highest rate of urbanization, with more than 45% of the population residing in cities. Concrete reinforcing bar, often known as steel rebar, is a long, hot-rolled steel component used in reinforced cement concrete (RCC). It is utilised in reinforced concrete and other structures to increase the tensile strength of the concrete, hence increasing the strength of the structure. Steel is employed as a reinforcing bar because concrete and steel have almost identical thermal expansion coefficients for temperature-induced elongation. Molten steel is formed into enormous rectangular billets, which...