The value added in the manufacture of basic iron and steel sector in Brazil shows a decline from 2024, starting at 6.38 billion Brazilian Reals and decreasing annually, reaching 3.84 billion by 2028. This represents a steady year-on-year decline, with negative growth rates throughout the forecasted period. In 2023, the value stood significantly higher, which highlights the downturn in the sector. Over the five-year forecast period, the compound annual growth rate (CAGR) shows a negative trend, emphasizing persistent shrinking in sector output.

Future Trends to Watch:

Monitor global steel demand, which can impact Brazil's output.
Keep an eye on local economic policies and trade agreements affecting the sector.
Technological advancements in steel production could provide efficiency gains.
Environmental regulations might influence cost and operational adjustments.
Observe any resurgence in infrastructure projects within Brazil to boost demand.