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Global structural steel usage will continue to grow on an annualized rate of 5.5% through 2025. Fueling the growth are developed countries - including the United States, United Kingdom and Germany - that will continue to build residential and non-residential structures, such as schools, offices and hospitals. Source: IndustryARC Analysis and Expert Insights © 2018 American Metal Market Global Structural Steel Usage The global rebar market is expected to grow due to emerging construction and infrastructure needs. Rebar factors significantly into composite concrete construction. North America will have the largest rebar construction market during the forecast period, with Asia-Pacific and European demand growing as well. Influencing growth outside of North America are infrastructure projects, an expanding manufacturing base and government initiatives for stricter building and construction regulations in nations such as China and India. Steel Rebar Market Value, 2016-21 ($ Million) Steel Use in Construction: Key Statistics In addition to residential and non-residential buildings, structural and rebar factor mightily into infrastructure – both new developments and replacement projects. For the near term, the bright spots in the market continue to be airport terminals, public transit and Class 1 railroads, as well as private driveway, street and parking lot construction associated with residential and commercial developments. Much-needed highway and bridge upgrades are expected in the coming years. More than of all steel goes into building components require 50% New high- strength steel buildings and infrastructure less material Non-residential Residential highest strength-to- weight ratio steel last more than Steel is Steel has the Buildings made with of all construction materials - the global construction recovery rate is 100% 85% 25-50% recyclable 100 years US Transportation Construction Market Fully one-third of US bridges are structurally deficient. Policymakers in Washington, DC, have voiced their intent to develop a wide-ranging program to repair and/or replace the nation’s aging infrastructure. In addition to roads and bridges, many US airports are becoming technologically obsolete and otherwise unable to safely handle their traffic loads. % of bridges structurally deficient 0-4% 5-8.9% 9% or higher There are 174 million daily crossings on nearly 54,300 structurally deficient US bridges 2018 Deficient Bridge Report Source: American Road Transportation Builders Association Source: American Road Transportation Builders Association Source: World Steel Organization Source: Grand View Research 2016 2017 2018 2019 2020 2021 As key staple of building projects, steel products such as structural and rebar offer builders and owners numerous advantages compared with alternate materials. New generations of high-strength construction steels further enhance steel’s leading position in terms of great ductility, ease of fabrication, seismic resistance and fast erection. 1 2 3 4 5 2014 2015 2016 2017 2018 2019 2020 2022 2023 2024 2025 2021 2016 2017 (e) 2018 (f) 2019 (f) 2020 (f) 2021 (f) 2015 2022 (f) ARTBA 2018 Forecast of Real Value of US Transportation Construction Market Total Construction Activity Total Support Activities $ in billions 2017 $300 $250 $200 $150 $100 $50 $0 $186.8 $55 $63.9 $59.9 $61.4 $63.1 $64.9 $66.7 $68.6 $190.2 $187.1 $192.8 $199.2 $204.5 $209.3 $214.5 SUBSCRIBE Building the Future with Structural and Rebar
