STEEL ROUND BARS MARKET ANALYSIS

Steel Round Bars Market, By Material Type (Carbon Steel Round Bars, Alloy Steel Round Bars, Stainless Steel Round Bars, Tool Steel Round Bars, and Other Material Types), By Diameter Range (Small-Diameter Round Bars (below 20mm), Medium-Diameter Round Bars (20mm to 100mm), and Large-Diameter Round Bars (above 100mm)), By Manufacturing Process (Hot Rolled Round Bars, Cold Rolled Round Bars, and Forged Round Bars), By End-use Industry (Construction, Automotive, Manufacturing, Oil and Gas, Aerospace, Energy and Power Generation, Mining and Metal Extraction, Shipbuilding, and Others), By Application (Structural Components, Shafts and Axles, Fasteners and Bolts, Gears and Bearings, Tools and Dies, Springs and Connectors, and Others), By Distribution Channel (Direct Sales (Manufacturer to End-User), Distributors/Wholesalers, Online Retailers, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Global Steel Round Bars Market- Recent Developments

New Product Launches

In 2022, ArcelorMittal, it is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. ArcelorMittal launched a fresh range of round steel bars characterized by their exceptional strength, and thus, catering to the needs of industries like construction and automotive that demand robust and enduring materials.
Tata Steel launched a new line of stainless steel round bars in 2022. These bars are designed for use in applications where corrosion resistance is required such as in the food and beverage industry. Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.
Shri Bhagavati Bright Bars launched a new line of cold-drawn steel round bars in 2022. These bars are designed for use in applications where high precision and surface finish are required, such as in the aerospace industry. Shri Bhagavati Bright Bars Ltd (SBBBL) embarked on their venture in the 1980s, focusing on the production of Cold Drawn Bright Bars and specializing in the manufacture of Hand Pump Shafts.

Acquisition and Partnerships

In 2022, Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra, partnered with Nippon Steel Corporation, a Japan-based steel producer formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. As of 2019, Nippon Steel ranks as the third-largest steel producer globally in terms of volume. This partnership allowed Tata Steel and Nippon Steel to share their expertise in steel round bar production and marketing.
In 2022, Shri Bhagavati Bright Bars, embarked on their venture in the 1980s, focusing on the production of Cold Drawn Bright Bars and specializing in the manufacture of Hand Pump Shafts, partnered with ThyssenKrupp AG, a Germany-based steel producer specializing in industrial engineering and steel production. This partnership will allow Shri Bhagavati Bright Bars and ThyssenKrupp to collaborate on the development of new steel round bar products.
In 2022, Valbruna Stainless, founded in 1925 and a leader in the production of Stainless Steels, Nickel Alloys and Titanium Long products, Valbruna is a private company partnered with Outokumpu, a Finland-based steel producer. This partnership allowed Valbruna Stainless and Outokumpu to share their expertise in stainless steel round bar production.