Lean impacts long steel market
Modern trends in the construction industry, such as Lean Construction, Building Information Modeling (BIM), and Green Buildings, have increased the importance of prefabrication and modularization, boosting the demand for long steel products.
According to a recent report by Allied Market Research titled “Long Steel Market by Process, Product Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global long steel market, valued at $476,213 million in 2020, is projected to reach $731,934 million by 2030, with a CAGR of 4.1% from 2021 to 2030.