The global Steel Rebar Market size is approximated to be USD 224.5 billion in 2022, and it is projected to reach USD 317.4 billion by 2030 at a CAGR of 4.4%. as per the recent study by MarketsandMarkets™. Steel rebar referred to as concrete reinforcing bar, is a hot-rolled, long steel product used in reinforced cement concrete (RCC). It is used in reinforced concrete and other structures to enhance the structure's strength by improving the concrete's tensile strength. Steel is only used as a reinforcing bar because its elongation due to high temperatures (thermal expansion coefficient) is nearly equal to that of concrete. Steel reinforcing bars are made from molten steel by shaping them into huge rectangular billets and passing them through a succession of dies that shape them into reinforcing bars.