U.S. Steel Rebar Market: Key Trends and Growth Drivers in the Construction Sector
The U.S. steel rebar market size is estimated to reach USD 8.32 billion by 2030, registering a CAGR of 5.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing investments in the construction & infrastructure projects are expected to propel the demand for steel rebar in the country during the forecast period. For instance, in January 2022, the U.S. Department of Transportation announced that more than USD 27 billion is expected to be allocated to states and tribal transportation facilities. The investment is likely to be used in fixing 15,000 bridges across the country by 2026. Thus, it is expected to increase the consumption of the product during the forecast period. Steel rebar is used to hold and strengthen the concrete through tension. The concrete has a strong compression strength but lacks tensile strength. Casting the product into concrete enables it to carry tensile loads, increasing the overall strength of the str...