Market Insight-Global SBQ (Special Bar Quality) Steel Market Overview 2022
The Global SBQ (Special Bar Quality) Steel Market Size was estimated at USD 18704 million in 2021 and is projected to reach USD 23169 million approximately by 2028, exhibiting a CAGR of 3.11% during the forecast period– Bossonresearch.com
Special bar quality (SBQ) steels can be defined as those which are developed for challenging and high-stress applications. Thus, these steels stand out different & tall among a diversity of grades that are in use in the enterprising processes. The SBQ steels have thus emerged as the mandatory requirements in various applications like those defined by high-speed machining, high stress, and high tensile strength among other finer attributes of engineering and metallurgy. The SBQ steels are today offered by manufacturers in the form of stainless steel bars, steel round bars, flats, tubes, and other products of demand and relevance in the manufacturing economy. These are mostly used in the development of bearings, high-speed shafts, gears, and other vital products that have to be resistant to metal fatigue through prolonged and continuous use as moving parts in machinery/automobiles.
According to Bosson Research, the Global SBQ (Special Bar Quality) Steel Market Size was estimated at USD 18704 million in 2021 and is projected to reach USD 23169 million approximately by 2028, exhibiting a CAGR of 3.11% during the forecast period.
Figure Global SBQ (Special Bar Quality) Steel Market Size
Source: Bossonresearch.com, 2022
Key players in the SBQ (Special Bar Quality) Steel Market include:
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
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