In 2023, the iron and steel supply available for consumption in the South Atlantic stood at 5.18 million metric tons. The forecasted supply shows a downward trend, decreasing by approximately 2.57% from 2024 to 2025, a 2.65% decline from 2025 to 2026, 2.50% from 2026 to 2027, and another 2.78% from 2027 to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is expected to be -2.64%.
Future trends to watch for:
- Impact of technological advancements on production efficiency.
- Shifts in trade policies affecting material import/export dynamics.
- Trends in recycling and sustainable practices within the steel industry.
- Regional economic factors influencing construction and industrial demand.
