Forecast: Import of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness More Than 10 mm and Minimum Yield Point Not Exceeding 355 Mpa to Brazil

The import of hot rolled iron or non-alloy steel, not in coils, to Brazil, has been forecasted to increase from $180.9 million in 2024 to $200 million by 2028. The year-on-year growth rate is consistent, averaging around 2.5% annually. In 2023, imports were valued at $176 million, indicating a moderate growth trajectory moving forward. The projected Compound Annual Growth Rate (CAGR) from 2024 to 2028 stands at approximately 2.5%.

Future trends to watch for include:

• Global steel market prices, which could impact cost and demand dynamics.
• Brazil's domestic production capabilities and infrastructure investments that might affect import needs.
• Trade policy changes or tariffs which could influence import levels.
• Economic conditions in Brazil impacting overall construction and industrial demand.