That is correct, powder coated and screened and Cerakote isn't a proper coating anyway. Good for firearms, not good on a bar.There are a lot of threads here, going back a lot of years, on repainting bars. Mostly for display / antique saws.
Takes a bit of work to do a good job, but that’s up to the individual.
I think that most new bars are powder coated, then silk-screened.
Philbert