The Australia steel rebar market was valued at USD 1.39 billion in 2024 and is projected to grow at a CAGR of 4.3% from 2025 to 2030. The key drivers of this market include sustained growth in non-residential construction, along with continued expansion in engineering and residential building sectors, which collectively support the rising demand for steel rebar across the country.

Australia benefits from a strong infrastructure pipeline expected to significantly influence market growth over the coming years. Notable projects include the Jandakot Business Park, Putney Wharf Residences, 600 Collins Street Office Tower, Australian Tax Office HQ, and the Issac Towers project.

An increasing focus on sustainable construction and the incorporation of recycled materials into rebar production is also shaping the industry. Three major green steel initiatives are currently underway in Western Australia, two of which fall under the Green Steel Western Australia (GSWA) initiative. One of these is a planned AUD 400 million recycling mill in Collie, targeting an annual production of 450,000 tons of green rebar and wire rods by 2026, powered by renewable energy.

Domestic manufacturers are prioritizing local production to meet rising demand and reduce reliance on imports. Concerns regarding antidumping practices by foreign exporters have prompted regulatory action. In September 2024, the Antidumping Commission launched an investigation into rebar imports from countries including Malaysia, Indonesia, Thailand, Türkiye, and Vietnam.

Key Market Trends & Insights

• New South Wales (NSW) held a revenue share of approximately 30.0% in 2024. This growth is driven by ongoing infrastructure development supported by government funding. As part of the 2024–25 Budget, the state committed AUD 20.8 billion to its Infrastructure Investment Program over the next decade, including AUD 17.7 billion for major road and rail projects. These investments are expected to drive higher demand for steel rebar in NSW through 2030.
• By application, the construction segment dominated the market with a 49% revenue share in 2024. Steel rebar plays a critical role in building homes and infrastructure, used in the reinforcement of slabs, walls, foundations, brickwork, and components such as ventilation ducts, parapets, and roofing structures.

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Market Size & Forecast

• 2024 Market Size: USD 1.39 Billion
• 2030 Projected Market Size: USD 1.77 Billion
• CAGR (2025-2030): 4.3%

Key Companies & Market Share Insights

The Australia steel rebar market is characterized by intensifying competition, fueled by increasing demand for domestically produced rebar, environmental concerns, and the impact of ongoing antidumping investigations. The trend toward green steel production reflects the country’s growing environmental consciousness and commitment to reducing carbon emissions in the construction sector.

Key market participants include:

• InfraBuild – As Australia's largest processor and distributor of steel long products, InfraBuild operates globally with recycling centers in Poland, the U.S., and Hong Kong, alongside international scrap trading across India, South Africa, the Netherlands, Spain, and the UK, and a manufacturing facility in Dalian, China.
• Neumann Steel Pty Ltd – Established in 1970, Neumann Steel has grown into Queensland’s largest mesh supplier. Its offerings include rebar, reinforcing mesh, accessories, and the NuPod system. The company provides a range of services such as prefabrication, cut & bend, 3D modeling, and injection molding.
• AUSREO – A 100% Australian-owned company, AUSREO operates 20 locations across the East Coast. Its product range includes reinforcing mesh, rebar, preformed columns, cages, tools, and accessories. AUSREO also delivers services like BIM modeling, estimation, and site documentation.

Key Players

• Apex Steel
• AUSREO
• Australian Reinforcing Company
• Australian Steel Traders
• Best Bar
• Carrabay
• Infrabuild
• Newmann Steel Pty Ltd
• Reid
• Reozone
• Wire Industries

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Conclusion

The Australia steel rebar market is on a steady growth trajectory, driven by robust infrastructure development, rising demand in residential and non-residential construction, and a national push toward sustainability in building practices. With ongoing investment in green steel initiatives and increased scrutiny of imported products, domestic manufacturers are well-positioned to capture greater market share. Supported by strong public infrastructure budgets—particularly in NSW—and evolving environmental regulations, the market is expected to continue expanding through 2030, reaching USD 1.77 billion.