The projected import value of waste or scrap of alloy steel, excl. stainless, to Brazil begins at $7.4851 million in 2024 and increases to $8.5832 million by 2028. Between 2024 and 2028, the forecast data indicates a steady compound annual growth rate (CAGR) of approximately 3.5%. This consistent rise highlights Brazil’s escalating demand for alloy steel scrap. For context, in 2023 the actual import value stood at $7.2175 million, marking a foundation for future projections.
Future trends to watch include:
- Global steel market fluctuations impacting import volumes and costs.
- Brazil's industrial sector growth influencing scrap usage.
- Environmental regulations potentially affecting scrap import policies.
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