Top 20 Companies in Merchant Bar Quality (MBQ) Steel Market (2025–2032): Spherical Insights Analysis
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Merchant Bar Quality (MBQ) Steel Market Size is projected to Grow from USD 17.51 Billion in 2024 to USD 33.51 Billion by 2035, at a CAGR of 6.08% during the forecast period 2025–2035. The expansion of the MBQ steel market is fueled by its extensive use in multiple sectors including construction, automotive, and machinery, along with increasing global infrastructure development. A key driver of growth for the MBQ steel market is the thriving construction sector. The rising urban development, along with substantial funding in residential, commercial, and industrial building projects has resulted in a surge in demand for premium steel products.
Introduction
The manufacturing, distributing, and using commodity-grade hot-rolled steel bars and shapes, including rounds, squares, flats, strips, angles, and channels, for non-critical, general-purpose fabrication and structural uses, characterizes the merchant bar quality (MBQ) steel market. Utility-grade steel bars made to less exacting mechanical and quality standards than special bar quality (SBQ) steel are referred to as merchant bar quality (MBQ) steel. When superior strength, exacting tolerances, or specific chemical characteristics are not needed, MBQ is usually utilized. MBQ steel is essential for routine manufacturing, construction, and infrastructure projects because of its affordability and ease of handling, even though it is not designed for high-stress or critical load-bearing systems. MBQ steel, recognized for its durability and adaptability, is widely utilized in building frameworks, support beams, and reinforcing structures, establishing it as an essential element in contemporary construction. The use of MBQ steel in infrastructure is essential, offering the strength and durability needed for these extensive projects. Current and upcoming infrastructure projects globally, especially in developing areas.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights-Download the Brochure now and dive deeper into the future of the Merchant Bar Quality (MBQ) Steel Market.
Merchant Bar Quality (MBQ) Steel Market Size & Statistics
- The Market Size for Merchant Bar Quality (MBQ) Steel Was Estimated to be worth USD 17.51 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 6.08% between 2025 and 2035.
- The Global Merchant Bar Quality (MBQ) Steel Market Size is anticipated to reach USD 33.51 Billion by 2035.
- Asia Pacific is projected to grow at the highest share over the forecast period in the merchant bar quality (MBQ) steel market.
- North America is anticipated to grow at the fastest demand during the forecast period in the merchant bar quality (MBQ) steel market.
Regional growth and demand
North America is anticipated to grow at the fastest CAGR during the forecast period in the merchant bar quality (MBQ) steel market. In North America, the construction sector is undergoing consistent growth, with a rise in residential and commercial building projects. The automotive industry in the region is experiencing substantial progress, emphasizing the manufacture of electric vehicles. In Europe, the demand for high-quality steel products remains strong, fueled by the construction and automotive sectors. The focus on infrastructure advancement and the implementation of cutting-edge manufacturing technologies are anticipated to facilitate the expansion of the MBQ steel market in these areas.
Asia Pacific is projected to generate the highest demand during the forecast period in the merchant bar quality (MBQ) steel market. The MBQ steel market is projected to be led by the Asia Pacific region, fueled by swift industrial growth and urban development. Nations such as China, India, and Japan lead the way, making substantial investments in building and infrastructure initiatives. In China, the government's emphasis on urban development and infrastructure growth is expected to create significant demand for MBQ steel. Likewise, India's construction industry is witnessing strong expansion, bolstered by government efforts to create smart cities and improve urban infrastructure.
Top 10 trends in the Merchant Bar Quality (MBQ) Steel Market
- Infrastructure Development
- Automotive Sector Expansion
- Market Leadership
- Precision Manufacturing
- Diversified Applications
- Alloy & Grade Innovation
- Product Form Segmentation
- Sustainability & ESG Compliance
- Competitive Consolidation
1. Infrastructure Development
The demand for MBQ steel in structural applications is being driven by international investments in bridges, highways, railroads, and airports.
2. Automotive Sector Expansion
The production of electric vehicles is driving up demand for MBQ steel, which is used in chassis, reinforcements, and brackets.
3. Precision Manufacturing
Improvements in hot-rolled and cold-rolled methods enhance dimensional accuracy and mechanical characteristics.
4. Diversified Applications
MBQ steel is utilized in construction, energy, transportation, and machinery, with increasing demand in modular and prefabricated systems.
5. Alloy & Grade Innovation
Creation of grades with high strength and corrosion resistance to satisfy changing performance criteria
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the merchant bar quality (MBQ) steel market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 20 Companies Leading the Merchant Bar Quality (MBQ) Steel Market
- ArcelorMittal
- Nucor Corporation
- Gerdau S.A.
- Tata Steel
- Nippon Steel Corporation
- POSCO
- JSW Steel
- Steel Dynamics, Inc.
- Commercial Metals Company
- SSAB AB
- Hyundai Steel
- Thyssenkrupp AG
- Evraz Group
- NLMK Group
- Liberty Steel Group
- Sidenor Group
- Celsa Group
- Valbruna Stainless Inc.
- Daido Steel Co., Ltd.
- JFE Steel Corporation
1. ArcelorMittal
Headquarters: Luxembourg City, Luxembourg
ArcelorMittal ranks among the top firms in the MBQ steel sector, recognised for its wide range of products and international reach. The organisation prioritises sustainability and innovation, seeking to create high-performance steel solutions that fulfil the demanding standards of different industries. ArcelorMittal’s strategic efforts, including increasing its production capabilities and establishing collaborations, have bolstered its market position. The organisation’s dedication to eco-friendly methods and technological innovations positions it as a major contender in the MBQ steel industry.
2. Nucor Corporation
Headquarters: North Carolina, USA
Nucor Corporation stands out as a significant contender in the MBQ steel sector, known for its innovative production methods and top-notch steel offerings. The company's emphasis on creativity and productivity has allowed it to retain a competitive advantage in the industry. Nucor Corporation’s strategic investments and acquisitions aimed at enhancing its production capacities have fostered its growth and market presence. The firm's focus on sustainability and environmental stewardship corresponds perfectly with the worldwide movement toward green building methods.
3. Gerdau S.A.
Headquarters: Rio Grande do Sul, Brazil
Gerdau S.A. is a leading company in the MBQ steel sector, recognized for its varied product range and robust distribution network. The organization's emphasis on quality and customer satisfaction has secured it a respected standing in the market. Gerdau’s strategic efforts, including investments in cutting-edge manufacturing technologies and the improvement of its product lineup, have bolstered its market position. The firm’s dedication to innovation and sustainability positions it as an important contender in the MBQ steel market.
4. Tata Steel
Headquarters: Mumbai 400001, Maharashtra, India
Tata Steel is a significant participant in the Merchant Bar Quality (MBQ) Steel Market, offering an extensive selection of MBQ steel products utilized in construction, infrastructure, general engineering, and fabrication. The firm provides a range of hot rolled steel bars—such as rounds, flats, squares, angles, and channels—intended for general structural and non-essential uses, where affordability, strength, and convenience of manufacturing are crucial. Tata Steel’s strong position and wide range of merchant bar products establish it as a major supplier in the global MBQ steel market, serving both standard construction and general fabrication industries.
5. Nippon Steel Corporation HQ
Headquarters: Tokyo 100-8071, Japan
These firms are engaged in broadening their production capabilities, allocating resources to research and development, and establishing strategic alliances to improve their market visibility. The MBQ steel market presents a dynamic competitive environment, where main companies continually seek to innovate and address the changing needs of different end-user sectors. The focus on sustainability, technological progress, and strategic efforts is anticipated to influence the future of the MBQ steel market.
Are you ready to discover more about the merchant bar quality (MBQ) steel market?
The report provides an in-depth analysis of the leading companies operating in the global merchant bar quality (MBQ) steel market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- ArcelorMittal
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Nucor Corporation
- Gerdau S.A.
- Tata Steel
- Nippon Steel Corporation
- POSCO
- JSW Steel
- Steel Dynamics, Inc.
- Commercial Metals Company
- SSAB AB
- Hyundai Steel
- Thyssenkrupp AG
- Evraz Group
- NLMK Group
- Liberty Steel Group
- Sidenor Group
- Celsa Group
- Valbruna Stainless Inc.
- Daido Steel Co., Ltd.
- JFE Steel Corporation
- Others
Conclusion
The Worldwide Merchant Bar Quality (MBQ) Steel Market Size is expected to experience consistent growth, with the market value predicted to almost double from USD 17.51 Billion in 2024 to USD 33.51 Billion by 2035, at a CAGR of 6.08%. This expansion is largely propelled by significant global infrastructure development and a swiftly flourishing construction industry, especially driven by urbanization and government funding in residential, commercial, and industrial initiatives. MBQ steel, comprising commodity-grade hot-rolled bars and forms (rounds, flats, angles, etc.) utilized for non-critical structural and general fabrication, is essential for these advancements because of its strength and affordability. The Asia-Pacific region is expected to demonstrate the greatest demand, driven by rapid industrial and urban development in countries such as China and India. Meanwhile, North America is projected to show the highest CAGR owing to steady construction growth and the rise of the electric vehicle (EV) market, which employs MBQ steel for reinforcements and brackets.
Browse Related Reports
Osteomalacia Treatment Market Size
https://www.sphericalinsights.com/our-insights/osteomalacia-treatment-market
AI Laptop Market Size
https://www.sphericalinsights.com/our-insights/ai-laptop-market
Crigler Najjar Syndrome Market Size
https://www.sphericalinsights.com/our-insights/crigler-najjar-syndrome-market
Generative AI In Agriculture Market Size
https://www.sphericalinsights.com/our-insights/generative-ai-in-agriculture-market
Multi-access Edge Computing Market Size
https://www.sphericalinsights.com/our-insights/multi-access-edge-computing-market
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?