| Product Code: ETC007942 | Publication Date: Jun 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Brazil`s steel import market in 2024 continued to be dominated by top exporters such as China, South Korea, Japan, Sweden, and Italy. Despite the high concentration with a high Herfindahl-Hirschman Index (HHI), the market saw significant growth with a remarkable Compound Annual Growth Rate (CAGR) of 33.98% from 2020 to 2024. The growth momentum also persisted in 2024 with a growth rate of 2.79% compared to the previous year, showcasing a strong demand for imported steel in Brazil.

The Brazil steel market is growing at a CAGR of 4.5% during the forecast period 2020-2026. The growth in the Brazilian steel market can be attributed to increasing infrastructure development activities and robust economic development in Brazil. Additionally, rising population coupled with surging automotive production has increased demand for steel products in the country, thereby propelling its consumption across various applications such as automotive & transportation, building & construction, energy & power and others over the forecast period. Furthermore, government initiatives such as `Growth Acceleration Program (PAC)` have supported large investments towards infrastructural projects which are further expected to contribute towards increasing demand for steel products in Brazil over the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Brazil Steel Market Overview |
3.1 Brazil Country Macro Economic Indicators |
3.2 Brazil Steel Market Revenues & Volume, 2019 & 2026F |
3.3 Brazil Steel Market - Industry Life Cycle |
3.4 Brazil Steel Market - Porter's Five Forces |
3.5 Brazil Steel Market Revenues & Volume Share, By Types, 2019 & 2026F |
3.6 Brazil Steel Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.7 Brazil Steel Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Brazil Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in infrastructure development projects in Brazil |
4.2.2 Increasing demand from the automotive industry |
4.2.3 Technological advancements in the steel manufacturing process |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Economic instability affecting consumer spending |
4.3.3 Competition from alternative materials like aluminum and composites |
5 Brazil Steel Market Trends |
6 Brazil Steel Market, By Types |
6.1 Brazil Steel Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Brazil Steel Market Revenues & Volume, By Types, 2016 - 2026F |
6.1.3 Brazil Steel Market Revenues & Volume, By Flat Steel, 2016 - 2026F |
6.1.4 Brazil Steel Market Revenues & Volume, By Long Steel, 2016 - 2026F |
6.2 Brazil Steel Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Brazil Steel Market Revenues & Volume, By Structural Steel, 2016 - 2026F |
6.2.3 Brazil Steel Market Revenues & Volume, By Prestressing Steel, 2016 - 2026F |
6.2.4 Brazil Steel Market Revenues & Volume, By Bright Steel, 2016 - 2026F |
6.2.5 Brazil Steel Market Revenues & Volume, By Welding Wire/Rod, 2016 - 2026F |
6.2.6 Brazil Steel Market Revenues & Volume, By Iron Steel Wire, 2016 - 2026F |
6.2.7 Brazil Steel Market Revenues & Volume, By Ropes, 2016 - 2026F |
6.3 Brazil Steel Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Brazil Steel Market Revenues & Volume, By Building & Construction, 2016 - 2026F |
6.3.3 Brazil Steel Market Revenues & Volume, By Electrical Appliances, 2016 - 2026F |
6.3.4 Brazil Steel Market Revenues & Volume, By Metal Products, 2016 - 2026F |
6.3.5 Brazil Steel Market Revenues & Volume, By Domestic Appliances, 2016 - 2026F |
6.3.6 Brazil Steel Market Revenues & Volume, By Mechanical Equipment, 2016 - 2026F |
6.3.7 Brazil Steel Market Revenues & Volume, By Automotive, 2016 - 2026F |
7 Brazil Steel Market Import-Export Trade Statistics |
7.1 Brazil Steel Market Export to Major Countries |
7.2 Brazil Steel Market Imports from Major Countries |
8 Brazil Steel Market Key Performance Indicators |
8.1 Capacity utilization rate of steel plants in Brazil |
8.2 Average selling price of steel products in the market |
8.3 Rate of adoption of sustainable practices in steel production |
8.4 Number of new steel product innovations introduced |
8.5 Energy efficiency improvements in the steel manufacturing process |
9 Brazil Steel Market - Opportunity Assessment |
9.1 Brazil Steel Market Opportunity Assessment, By Types, 2019 & 2026F |
9.2 Brazil Steel Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.3 Brazil Steel Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Brazil Steel Market - Competitive Landscape |
10.1 Brazil Steel Market Revenue Share, By Companies, 2019 |
10.2 Brazil Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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