Brazil: Hot-Rolled Steel Products Market 2025

Hot-Rolled Steel Products Market Size in Brazil

The Brazilian hot-rolled steel products market was estimated at $X in 2021, picking up by 3.5% against the previous year. In general, consumption, however, continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Hot-Rolled Steel Products Production in Brazil

In value terms, hot-rolled steel products production stood at $X in 2021 estimated in export price. Over the period under review, production saw a abrupt setback. Hot-rolled steel products production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Hot-Rolled Steel Products Exports

Exports from Brazil

In 2021, shipments abroad of flat-rolled products of iron or steel (not further worked than hot-rolled) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a noticeable contraction. The growth pace was the most rapid in 2014 when exports increased by 67% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled steel products exports soared to $X in 2021. Overall, exports, however, saw a perceptible decline. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Turkey (X tons) and Colombia (X tons) were the main destinations of hot-rolled steel products exports from Brazil, with a combined 51% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +747.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled steel products exported from Brazil were Chile ($X), Colombia ($X) and Turkey ($X), with a combined 49% share of total exports.

Turkey, with a CAGR of +711.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hot-rolled steel products export price amounted to $X per ton, rising by 58% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into Brazil

In 2021, overseas purchases of flat-rolled products of iron or steel (not further worked than hot-rolled) increased by 186% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a pronounced downturn. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled steel products imports surged to $X in 2021. Overall, imports, however, saw a noticeable reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), China (X tons) and Ukraine (X tons) were the main suppliers of hot-rolled steel products imports to Brazil, together comprising 76% of total imports. Sweden, Austria, Germany, India, South Korea and Australia lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and Sweden ($X) constituted the largest hot-rolled steel products suppliers to Brazil, with a combined 64% share of total imports.

Russia, with a CAGR of +8.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-rolled steel products import price stood at $X per ton in 2021, which is down by -12.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+70.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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