Global SBQ (Special Bar Quality) Steel Market Research Report 2021

Special bar quality (SBQ) steel is the steel which is used for a class of long products engineered for very tough application. The higher the load of application, the more special is the SBQ steel. The term ‘special bar quality’ is a term predominantly being used in North American steel industry. In Europe, SBQ steels are normally known as ‘engineering steels’. Both of these terms refer to steel types as well as to bar products, and as they are frequently with associated with the steel grades and they refer to billet and slab as well as bar. The SBQ steel term is used to describe steel long products having properties for more demanding processing or end-use applications which cannot be met by merchant bar quality (MBQ) steel grades. SBQ steels represent a wide variety of higher quality plain carbon and alloy steel bars, which are developed for challenging and high stress applications. These steels stand out different and tall among a diversity of grades which are in use in various demanding processes. SBQ steels, which are being offered today by the manufacturers, are in the form of stainless steel bar, steel round bar, tubes and other products of high demand and of relevance in the manufacturing sector. These steels are mostly used for application in hot and cold forging, machining, and cold drawing industries for the production of automotive parts, bearings, gears, hand tools, electric motor shafts, valves, and other vital products which are to be resistant to the metal fatigue through prolonged and continuous use as moving parts in machineries / automobiles. The specification of SBQ steels can range from plain carbon and carbon-manganese steels to alloy and stainless steels containing different percentages of aluminum, nickel, chromium and other alloying elements. The chemistry of these steels is more complex than MBQ steels. These steels can have several grades. SBQ steels can have products of shapes which can be classified into round, flat, square, and hexagonal bars. The products can be in the form of hot rolled steel bars, or cold finished steel bars.
The key players of SBQ (Special Bar Quality) Steel include CITIC, Nucor Corporation, ICH, etc. The top three players of SBQ (Special Bar Quality) Steel account for approximately 55% of the total market. Asia-Pacific is the largest market of SBQ (Special Bar Quality) Steel accounting for about 54% followed by North America and Europe. In terms of Type, Rounds is the largest segment, with a share about 63%. And in terms of Application, the largest application is Automotive Industry, followed by Transportation Industry.

Market Analysis and Insights: Global SBQ (Special Bar Quality) Steel Market
The global SBQ (Special Bar Quality) Steel market was valued at US$ 21760 million in 2020 and it is expected to reach US$ 28140 million by the end of 2027, growing at a CAGR of 3.2% during 2021-2027.

Global SBQ (Special Bar Quality) Steel Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global SBQ (Special Bar Quality) Steel Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Rounds
Squares
Hexagons
Others

Segment by Application
Automotive
Energy
Transportation
Others

By Company
CITIC
ICH
TimkenSteel
Max Aicher
Weifang Special Steel Iron and Steel Co.,Ltd
Gerdau SA
JSW Steel
Charter Steel
SeAH Besteel
Steel Dynamics Inc
Metalloinvest
Valin Group
Tata Steel
Sidenor
Alton Steel

Production by Region
North America
Europe
China
Japan
India
South Korea

Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Frequently Asked Questions