Brazil Steel Market Size & Outlook, 2024-2030

The steel market in Brazil is expected to reach a projected revenue of US$ 30,436.2 million by 2030. A compound annual growth rate of 3.2% is expected of Brazil steel market from 2025 to 2030.
Revenue, 2024 (US$M)
$25,242.5
Forecast, 2030 (US$M)
$30,436.2
CAGR, 2025 - 2030
3.2%
Report Coverage
Brazil

Brazil steel market highlights

  • The Brazil steel market generated a revenue of USD 24,674.9 million in 2023 and is expected to reach USD 30,436.2 million by 2030.
  • The Brazil market is expected to grow at a CAGR of 3% from 2024 to 2030.
  • In terms of segment, building & construction was the largest revenue generating end use in 2023.
  • Heavy Industry is the most lucrative end use segment registering the fastest growth during the forecast period.

Steel market data book summary

Market revenue in 2023USD 24,674.9 million
Market revenue in 2030USD 30,436.2 million
Growth rate3% (CAGR from 2024 to 2030)
Largest segmentBuilding & construction
Fastest growing segmentHeavy Industry
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBuilding & Construction, Automotive & Transportation, Heavy Industry, Consumer Goods

Other key industry trends

  • In terms of revenue, Brazil accounted for 1.4% of the global steel market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Latin America, Brazil steel market is projected to lead the regional market in terms of revenue in 2030.
  • Argentina is the fastest growing regional market in Latin America and is projected to reach USD 6,707.2 million by 2030.

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Brazil steel market size, by application, 2018-2030 (US$M)

Brazil Steel Market Outlook Share, 2024 & 2030 (US$M)

Brazil steel market size, by application, 2018-2030 (US$M)

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