According to Towards Chemical and Materials, the global steel rebar market size is calculated at USD 257.87 billion in 2025 and is expected to surpass around USD 426.51 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.75% over the forecast period 2025 to 2034.
Ottawa, Oct. 28, 2025 (GLOBE NEWSWIRE) — The global steel rebar market size was valued at USD 243.85 billion in 2024 and is anticipated to reach around USD 426.51 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.75% over the forecast period from 2025 to 2034. Asia Pacific dominated the steel rebar market with a market share of 58% in 2024. A study published by Towards Chemical and Materials a sister firm of Precedence Research.
According to Towards Chemical and Materials, the global steel rebar market stands at 368.91 million tons in 2025 and is forecast to reach 530.10 million tons by 2034, advancing at a 4.11% CAGR. Increasing demand from the construction and automotive industries is driving the growth of the market.
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Steel Rebar Overview
The global steel rebar market is growing steadily, driven by rising infrastructure development, urbanization, and construction across residential, commercial, and industrial sectors. Demand is strongest in Asia Pacific, especially China and India, while North American and Europe are benefiting from infrastructure renewal and sustainable building initiatives. technological advancements, such as corrosion resistant and high strength rebars, are enhancing performance and aligning with eco-friendly trends. Although fluctuations in raw material costs and environmental regulations affect the market, ongoing investments in transportation, energy and housing projects expected to sustain long term growth.
Steel Rebar Market Report Highlights
- By region, Asia Pacific dominated the steel rebar market with 58% industry share in 2024.
- By product type, the deformed steel rebar segment dominated the market with 70.65% industry share in 2024.
- By coating type, the plain carbon steel segment dominated the market with 50% industry share in 2024.
- By process type, the basic oxygen furnace segment dominated the market with 69.28% industry share in 2024.
- By end-use type, the commercial segment dominated the market with 40% industry share in 2024.
Types of steel for rebar
Rebar, or reinforcing bar, is typically made from various types of steel, each with its own properties and characteristics. The most common types of steel used for rebar include:
1. Carbon steel (ASTM A615/A615M): This is the most common type of steel used for rebar. It is an alloy of iron and carbon, with small amounts of other elements. It provides strength and durability and is suitable for most construction applications.
2. Low-alloy steel (ASTM A706/A706M): This type of steel contains additional alloying elements like vanadium or nickel in small amounts. It is designed to improve the weldability and ductility of the rebar, making it suitable for applications where welding is required.
3. Stainless steel: In some cases, stainless steel rebar may be used, especially in environments where corrosion resistance is crucial. Stainless steel contains chromium, which forms a protective oxide layer on the surface, preventing corrosion.
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Steel Rebar Market Report Scope
| Report Attribute | Details |
| Market size value in 2026 | USD 272.70 billion |
| Revenue forecast in 2034 | USD 426.51 billion |
| Growth rate | CAGR of 5.75% from 2025 to 2034 |
| Base year for estimation | 2025 |
| Historical data | 2021 – 2025 |
| Forecast period | 2025 – 2034 |
| Quantitative units | Revenue in USD million/billion, volume in kilotons, and CAGR from 2025 to 2034 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | By Product Type, By Coating Type , By Process Type, By End-Use Industry , By Region |
| Key companies profiled | ArcelorMittal; NIPPON STEEL CORPORATION; NLMK; Nucor; Tata Steel; JSW; POSCO HOLDINGS INC.; Jiangsu Shagang Group; SAIL and Steel Dynamics, Inc. |
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What is Steel Rebar used for?
Steel rebar (reinforcing bar) is primarily used to reinforce concrete structures. It is embedded within concrete to help it resist tensile and shear stresses that concrete alone cannot handle effectively. Steel rebar adds strength and durability to concrete, making it essential in the construction of various structures. Here are some common uses:
- Building Foundations: Steel rebar is crucial in foundation slabs, ensuring the stability and strength of buildings.
- Bridges: It strengthens the concrete used in bridges, supporting large loads and withstanding environmental stress.
- High-Rise Buildings: In tall structures, steel rebar provides structural support to handle wind, seismic activity, and weight distribution.
- Roadways: Steel rebar is used in the construction of highways and airport runways, as it helps resist cracking from traffic loads and temperature changes.
- Dams and Tunnels: Large infrastructure projects, including dams and tunnels, use steel rebar to ensure durability against high pressure and water exposure.
- Parking Structures: It’s often used in parking garages and decks to provide additional reinforcement for heavy vehicle loads.
Benefits of Steel Rebar
Steel rebar, or reinforcing bar, is commonly used in construction to provide additional reinforcement for concrete structures. Here are some of the additional benefits of using steel rebar:
- Provides strength and durability to increase structural integrity.
- Its high tensile strength ensures resistance to tension forces preventing cracks in the concrete.
- Flexible enough to be bent or cut to suit the specific needs of a construction project.
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What Are The Major Trends In The Steel Rebar Market?
- Growing demand from global infrastructure and industrial development is driving market expansion and investor interest.
- Increasing focus on sustainable and eco-friendly manufacturing practices, including electric-arc furnace and hydrogen based steelmaking processes.
- Expansion of the market in Asia Pacific, with strong production and consumption in countries like India and China, alongside contributions from North America and Europe in infrastructure and renovation projects.
- Technological advancements supporting digital tracking, labelling and quality assurance in rebar production and distribution.
- Development of high strength, corrosion-resistant, and fiber reinforced polymer rebars to meet evolving construction requirements.
How Does AI Influence The Growth Of The Steel Rebar Market In 2025?
In 2025, the adoption of artificial intelligence (AI) is significantly influencing the growth of the steel rebar market by enabling manufacturers of reinforcement bars to operate with greater speed, efficiency and precision. AI-driven tools allow plants to optimize material flow, schedule equipment maintenance proactively, and reduce downtime for instance, AI models can monitor crane operations and optimize movements in steel plants to improve throughput. At the same time, improved quality control via computer vision and machine learning algorithms helps detect defects or irregularities in steel bars early in the production line, which reduces waste and strengthens confidence in product performance. On the supply chain side, AI also supports demand forecasting and inventory management, helping rebar producers align output with construction sector needs, avoid over production, and respond more flexibility to market shifts. All these AI enabled improvement’s higher reliability, lower costs, better quality and faster responsiveness help drive the competitiveness of rebar producers and thus contribute to market expansion in 2025 without relying solely on traditional growth levers like raw material pricing or infrastructure spending.
Steel Rebar Market Dynamics
Growth Factors
Why Does Urbanisation Boost Rebar Demand?
Rapid urbanisation is increasing the construction of housing, offices, and infrastructure, driving higher demand for steel rebar in concrete structures. Growing cities need stronger, taller, and more resilient buildings, making rebar essential for durability and safety.
How Are Technological Innovations Enhancing Steel Rebar Production?
Technological advancements are revolutionizing steel rebar production, leading to improved efficiency and product quality. The adoption of digitalization in manufacturing processes allows for precise tracking and labelling, ensuring quality control and operational efficient. Additionally, innovations such as the development of high strength, corrosion resistant, and fiber reinforces polymer rebars are meeting the evolving demands of modern construction.
Market Opportunity
How Is Corrosion Resistance Rebar Shaping New Opportunities?
The growing of fiberglass and composite rebar composite rebar in construction offers a fresh avenue for traditional steel rebar producers to innovate and diversify. As builders seek durable, rust free alternatives for coastal and humid environments, steel manufacturers can expand into hybrid or coated rebar solutions to stay competitive.
What Makes Green Construction A New Rebar Opportunity?
This shift toward eco-friendly and low-carbon buildings is creating demand sustainable steel rebar made from recycled or hydrogen-based steel. Builders aiming for greener certifications prefer such materials, opening new market space for rebar manufacturers.
Limitations In The Steel Rebar Market
- Fluctuations in raw material prices and energy costs create instability in production expenses, affecting profitability for manufacturers.
- Corrosion issues and environmental concerns linked to traditional steelmaking process hinder long-term sustainability and durability in certain construction environments.
Steel Rebar Market Segmentation Insights
Product Type Insights
How Is The Deformed Steel Rebar Segment Driving The Steel Rebar Market?
The deformed steel rebar segment dominated the market in 2024, the deformed steel rebar segment’s dominance reflects the fact that the rigged surface and patterning of these bars significantly improve the bond strength with concrete and hence support structural integrity in buildings and infrastructure. These attributes make them the preferred reinforcement material across heavy construction applications, particularly in zones requiring material across heavy construction applications, particularly in zones requiring high load bearing capability or seismic resistance. Given the widespread usage of reinforced concrete worldwide. The strong mechanical and durability advantage of reinforced concrete worldwide, the strong mechanical and durability advantages of deformed bars explain way this segment mechanical and durability advantages of deformed rebars in major construction standards further entrenches their position and makes this product type segment a clear pillar of market structure.
The mild steel rebar segment is expected to grow at the fastest rate in the market during the forecast period. The appeal of mild steel rebar lies in its lower cost and greater adaptability for a wide range of construction projects, specially in emerging on price sensitive markets where volume and affordability matter most. As infrastructure spending continues and building portfolios diversify into large scale lower spec applications, the mild steel variant becomes increasingly attractive.
Coating Type Insights
Why Makes The “Plain Carbon Steel” coating Type Segment Dominant?
The plain carbon steel segment dominated the market with the largest industry share in 2024. The plain carbon steel segment remains dominant because it offers excellent strength, weldability, and affordability qualities that make it the first choice for general infrastructure bridges, and cost effectiveness make it the first choice for general projects. Its availability and cost effectiveness make it the first choice for general infrastructure, bridges, and residential projects where corrosion exposure is moderate.
The epoxy-coated segment is expected to grow at the fastest rate in the market during the forecast period. This growth is driven by the rising demand for rebar with advanced corrosion resistance, particularly in coastal and high humidity regions where traditional carbon steel deteriorates faster. Epoxy coatings help extend the lifespan of concrete structures, reducing long term repair costs and improving sustainability outcomes. As governments and developers emphasize resilient and low maintenance infrastructure, epoxy coated rebar adoption is increasing across highways, bridges, and marine construction.
Process Type Insights
Why Does the Basic Oxygen Furnace Segment Dominate the Steel Rebar Market?
The basic oxygen furnace segment dominated the market with the largest industry share in 2024. The dominance of this segment is tied to its ability to produce large volumes of high-quality steel efficiently, which is essential for meeting global construction demands. This process provides consistent metallurgical properties and supports the manufacture of high strength rebars at a competitive cost.
The electric arc furnace segment is growing rapidly in the market during the forecast period, as the industry embraces cleaner, energy-efficient, and sustainable steelmaking practices. This method uses recycled scrap steel, reducing carbon emissions and aligning with global sustainability goals. Its operational flexibility allows quick start up and shutdown, catering to fluctuating production needs. As steelmakers prioritize low-carbon manufacturing, the adoption electric arc furnace technology is reshaping the future of eco-friendly steel rebar production.
End Use Insights
Why Does The Commercial Segment Dominate The Steel Rebar Market?
The commercial segment dominated the market with the largest industry share in 2024. The dominance of this segment is largely due to extensive construction of office complexes, shopping centres, and public buildings that rely heavily on reinforced concrete. Rapid urbanization and the global boom in real estate have amplified the demand for durable and high strength rebar in commercial construction. Builders and investors prefer reliable reinforcement materials that can support complex architectural designs and high load capacities.
The industrial segment is emerging as the fastest growing in the market during the forecast period, due to increasing investments in manufacturing plants, power facilities, warehouses, and logistics hubs. As industrialization accelerates, the need for durable, high strength rebar that can withstand harsh operational conditions continues to rise. This demand amplified by government initiatives promoting local production and infrastructure modernization. With industries prioritizing long-lasting, corrosion resistant materials, the industrial segment is poised to play a major role in shaping the steel rebar market’s future growth.
Regional Insights
Why Is Asia Pacific Dominating The Steel Rebar Market?
The Asia Pacific steel rebar market size was estimated at USD 150.35 billion in 2025 and is projected to reach USD 248.88 billion by 2034, growing at a CAGR of 5.76% from 2025 to 2034.
Asia Pacific region has emerged as the largest market for steel rebar thanks to its rapid urbanization, large scale infrastructure roll out, and string government spending driving construction activity. Countries across this region are investing heavily in roads, bridges, housing and industrial development, which in turn fuels demand for reinforced concrete and thus rebar. In addition, the presence of many large, efficient steel making facilities and favourable labour and raw material conditions make this region highly competitive and cost effective. Equipment and technology advances in production processes are further enabling capacity growth and quality improvements, reinforcing the region’s leadership.
Within Asia Pacific, China stands out by commanding a major share of the steel rebar market, largely due to its massive infrastructure programmes, urban renewable efforts and status as the world’s largest steel producer and consumer. China’s governmental policy support, construction scale and vertical integration of steel manufacture allow it to push high volumes and influence regional pricing and supply dynamics. The country’s focus on upgrading standards, phasing out inefficient capacity and adoption greener steel making paths also drives better quality and higher value rebar demand. Because of this combination of domestic demand, export capacity and industry scale, China is the pivotal hub shaping the rebar market in Asia Pacific and beyond.
Why Is North America Emerging As The Fastest Growing Steel Rebar Market?
North America is rapidly becoming one of the fastest growing regions in the steel rebar market, rising commercial and residential construction, and a growing emphasis on sustainable, high performance, rising commercial and residential construction, and a growing emphasis on sustainable, high-performance materials. In the region, advanced manufacturing technologies and stricter building standards are increasingly adopted, elevating demand beyond “just volume” to “better quality”. The shift toward near shorting of manufacturing and logistics hubs has also pushed rebar consumption in industrial projects, supporting growth.
What is the U.S. Steel Rebar Market Size?
The U.S. steel rebar market size was estimated at USD 7.31 billion in 2025 and is predicted to increase from USD 7.70 billion in 2026 to approximately USD 11.59 billion by 2034, expanding at a CAGR of 5.25% from 2025 to 2034.
The United States is at the forefront of North America’s steel rebar expansion, propelled by major federal initiatives aimed at rebuilding national infrastructure. Massive investments in highway, bridges, and clean energy projects are stimulating demand for high quality rebar. The country’s commitment to using domestically produced materials strengthens its steel sector, while advancements in construction technology and sustainable building practices enhance product utilization. With a renewed focus on smart cities and resilient infrastructure, the United States continues to drive the region’s dominance in the steel rebar market.
Europe Steel Rebar Market Trends
The Europe steel rebar market size was valued at USD 145.11 billion in 2024 and is expected to hit around USD 224.28 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.45% over the forecast period from 2025 to 2034.
The Europe steel rebar industry has experienced steady growth, driven by ongoing infrastructure projects and a resilient construction sector. However, the industry faces challenges such as rising energy costs and the need for decarbonization. In March 2025, European Commission President Ursula von der Leyen convened a meeting with steel industry leaders to address these issues, particularly in light of impending U.S. tariffs on steel and aluminum imports. The EU is considering extending or tightening existing safeguard measures to protect its steel industry from potential market disruptions.
Germany steel rebar market is expected to grow steadily during the forecast period. Germany is the financial hub and a key growth engine of Europe. As per European Construction Industry Federation, construction investment observed decline of 3.11% in 2023 However, development in infrastructure projects on account of the government’s focus on the country’s economic recovery is expected to benefit rebar demand. Investments in civil and building engineering works in the private and public sectors are projected to remain another key contributor to the growth of the market.
Central & South America Steel Rebar Market Trends
The steel rebar industry in Central and South America is undergoing significant developments, with countries like Bolivia taking strides toward self-sufficiency in steel production. In February 2025, Bolivia inaugurated the Mutun steel plant, a $546-million project funded primarily by the Export-Import Bank of China. Operated initially by Sinosteel Engineering and Technology, the plant is expected to produce 200,000 metric tons of steel annually, covering half of Bolivia’s domestic steel demand. This initiative marks a pivotal step in Bolivia’s industrialization efforts, reducing reliance on steel imports from neighboring countries.
Brazil steel rebar market is projected to grow over the forecast period. As per the IMF, the real GDP of Brazil is forecast to grow at a rate of 3.62% in 2025. The rising demand for steel rebar in the country can be attributed to the flourishing energy generation industry and the surging investments by automobile manufacturers in Brazil. For instance, in August 2023, the government of Brazil announced its plans to invest USD 200 billion in infrastructure, energy, and transportation projects over the next four years as a part of an initiative to enhance economic growth and employment opportunities in the country.
Steel Rebar Market Top Companies
- Shagang Group: Major Chinese rebar producer; supplies large volumes for domestic infrastructure using EAF technology and recycled scrap.
- POSCO: Produces premium, seismic-resistant rebars; focuses on high-quality construction steel and eco-friendly production.
- Nippon Steel: Supplies advanced, corrosion-resistant rebars for Japan’s earthquake-prone infrastructure.
- JFE Steel: Develops durable, high-strength rebars for seismic and coastal projects.
- Tata Steel: Market leader in India with Tata Tiscon brand; emphasizes quality, branding, and sustainability.
- JSW Steel: Produces high-ductility JSW Neosteel rebars; serves construction and housing markets.
- Nucor: Leading U.S. EAF rebar producer; focuses on sustainable, recycled steel.
- Gerdau: Latin America’s top rebar maker; exports widely using EAF processes.
- Steel Dynamics: U.S. producer of rebar via mini-mills; supports infrastructure growth sustainably.
- U.S. Steel: Supplies rebar for American infrastructure; expanding low-carbon EAF capacity.
More Insights in Towards Chemical and Materials:
- Structural Steel Market : The global structural steel market size was approximately USD 119.12 billion in 2025 and is projected to reach around USD 188.63 billion by 2034, with an estimated compound annual growth rate (CAGR) of about 5.24% between 2025 and 2034.
- Stainless Steel Market : The global stainless steel market size was valued at USD 216.85 billion in 2024 and is expected to hit around USD 357.28 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.12% over the forecast period from 2025 to 2034.
- Flat Steel Market : The flat global steel market size accounted for USD 687.55 billion in 2024 and is predicted to increase from USD 724.33 billion in 2025 to approximately USD 1,157.84 billion by 2034, expanding at a CAGR of 5.35% from 2025 to 2034.
- Green Steel Market ; The global green steel-market size was valued at USD 718.55 billion in 2024, grew to USD 763.10 billion in 2025, and is expected to hit around USD 1,311.30 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.20% over the forecast period from 2025 to 2034.
- Hot Rolled Coil (HRC) Steel Market : The global hot rolled coil (HRC) steel market size accounted for USD 355.42 billion in 2024, grew to USD 375.86 billion in 2025, and is expected to be worth around USD 621.65 billion by 2034, poised to grow at a CAGR of 5.75% between 2025 and 2034.
- Conductive Silicone Rubber Market : The global conductive silicone rubber market size was valued at USD 8.95 billion in 2024 and is expected to hit around USD 20.71 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.75% over the forecast period from 2025 to 2034.
- Silicone Market : The global silicone market volume was reached at 2.93 million tons in 2024 and is expected to be worth around 4.12 million tons by 2034, growing at a compound annual growth rate (CAGR) of 3.47% over the forecast period 2025 to 2034.
- Aerospace Foam Market : The global aerospace foam market size was approximately USD 6.85 billion in 2024 and is projected to reach around USD 13.27 billion by 2034, with an estimated compound annual growth rate (CAGR) of about 6.84% between 2025 and 2034.
- Fungicides Market : The global fungicides market size was reached at USD 25.34 billion in 2024 and is expected to be worth around USD 43.73 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.25% over the forecast period 2025 to 2034.
- Bio-Based Polypropylene Market : The global bio-based polypropylene market stands at 49.18 kilo tons in 2025 and is forecast to reach 261.27 kilo tons by 2034, advancing at a 20.39% CAGR.
- Phenolic Resins Market : The global phenolic resins market size is accounted for USD 16.44 billion in 2025 and is expected to be worth around USD USD 27.17 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.74% over the forecast period 2025 to 2034.
- Copper Scrap Market : The global copper scrap market size was approximately USD 64.87 billion in 2024 and is projected to reach around USD 148.57 billion by 2034, with an estimated compound annual growth rate (CAGR) of about 8.64% between 2025 and 2034
- U.S. Copper Market : The U.S. copper market size was approximately USD 14.55 billion in 2024 and is projected to reach around USD 26.33 billion by 2034, with an estimated compound annual growth rate (CAGR) of about 6.11% between 2025 and 2034.
- U.S. Specialty Polymers Market : The U.S. specialty polymers market size was valued at USD 27.98 billion in 2024 and is expected to hit around USD 59.52 billion by 2034, growing at a compound annual growth rate (CAGR) of 7.84% over the forecast period from 2025 to 2034.
- Polyethylene Terephthalate Catalyst Market : The global polyethylene terephthalate catalyst market size is accounted for USD 826.87 million in 2025 and is anticipated to hit around USD 1,321.75 million by 2034, growing at a compound annual growth rate (CAGR) of 5.35% over the forecast period from 2025 to 2034.
- Sustainable Materials Market : The global sustainable materials market is exhibited at USD 375.38 billion in 2025 and is projected to hit around USD 1,078.35 billion by 2034, growing at a CAGR of 12.44% during the forecast period 2025 to 2034.
- Bio-Based Polypropylene Market : The global bio-based polypropylene market size accounted for USD 257.11 million in 2024 and is predicted to increase from USD 357.67 million in 2025 to approximately USD 6,977.54 million by 2034, expanding at a CAGR of 39.11% from 2025 to 2034.
- Low-Carbon Construction Material Market : The global low-carbon construction material market size is calculated at USD 298.22 billion in 2025 and is expected to reach USD 601.63 billion by 2034, growing at a CAGR of 8.11% from 2025 to 2034.
Steel Rebar Market Top Key Companies:
- Shagang Group
- POSCO (POSCO Holdings)
- Nippon Steel Corporation
- JFE Steel Corporation
- Tata Steel
- JSW Steel
- Nucor Corporation
- Gerdau
- Steel Dynamics, Inc.
- United States Steel Corporation (U.S. Steel)
- NLMK Group (Novolipetsk)
- Evraz plc
- thyssenkrupp Steel
- Jindal Steel & Power
- MMK (Magnitogorsk Iron & Steel)
- Metinvest
Recent Developments
- In October 2025, in India domestic rebar prices plunged to their lowest level in recent years amid weak construction demand a heavy imports. The drop has triggered concerns among smaller steel producers who are cutting back output and calling for stronger policy support to stabilise the sector.
- In October 2025, India has turned into a net importer of finished steel bars in recent months, underscoring wakening domestic demand and rising dependency on external supply chains despite being a large producer.
Steel Rebar Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chemical and Materials has segmented the global Steel Rebar Market
By Product Type
- Deformed Steel Rebar
- Grade Fe 415
- Grade Fe 500
- Grade Fe 550
- Mild Steel Rebar
- Grade Fe 250
- Grade Fe 415
By Coating Type
- Plain Carbon Steel
- ASTM A615
- ASTM A706
- Epoxy Coated
- ASTM A775
- ASTM A934
- Galvanized Steel
- ASTM A615/A706 with Zinc Coating
By Process Type
- Basic Oxygen Furnace (BOF)
- Integrated Steel Mills
- Blast Furnace–Basic Oxygen Furnace (BF-BOF)
- Electric Arc Furnace (EAF)
- Mini Mills
- Scrap-Based Production
By End-Use Industry
- Commercial
- Office Buildings
- Shopping Malls
- Mixed-Use Complexes
- Residential
- Single-Family Homes
- Multi-Family Units
- Industrial
- Manufacturing Facilities
- Industrial Parks
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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