Forecast: Import of Hot Box Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 150-600 mm, Thickness More Than 4 mm, Unclad to Brazil

In 2023, Brazil's import of hot rolled iron or non-alloy steel not in coils, of a width of 150-600 mm and thickness greater than 4 mm, was approximately 175 thousand kilograms. The forecasted imports illustrate a gradual increase from 2024 onwards, with a year-on-year growth rate of around 3% to 3.5%. Specifically, imports rise from 180.19 thousand kilograms in 2024 to 201.57 thousand kilograms in 2028, indicating a consistent upward trend. The compound annual growth rate (CAGR) over this five-year period is projected to be 2.9%.

Future trends to watch for:

• Global economic conditions influencing steel demand and supply.
• Brazil's industrial growth and infrastructure projects impacting steel needs.
• Trade policies and international relations affecting import-export dynamics.
• Technological advancements in steel production efficiency.