Latin America Steel Wires Market (2020-2026) | Value, Forecast, COVID-19 IMPACT, Share, Trends, Revenue, Size, Outlook, Companies, Analysis, Growth & Industry

Latin America Steel Wire Market is expected to register sound revenue growth in the coming years on the back of a growing middle-class population, digitization, increased sustainability, and growing consumer power. Latin America is one of the Countries where steel wire consumption is growing above average. The steel wire used is divided into industrial use, automotive, consumer goods and building & construction. In 2018, Brazil was the biggest producer of steel in Latin America while Mexico ranked second.

According to 6Wresearch, Latin America Steel Wire Market is anticipated to witness growth during the forecast period 2020-26. The three main producers, Mexico, Brazil and Argentina, registered an increase in the steel wire market compared to June. In terms of rolled products, long steel production grew at a quick rate in the month, compared with flats. On the other hand, that of seamless tubes remained stumpy. General Director of Alacero noted that the region should focus on combating unfair imports, especially from China and strengthening domestic steel wire demand in the region. The predicted worst GDP for the world economy in 2020 would not favour the economies of the region, he concluded.

Based on grade, the Steel wires market in Latin America is categorized into Carbon Steel, Stainless Steel and Alloy Steel. In terms of end-use industry, the market is segmented into Automotive, Construction, Energy, Agriculture and Others. In the core of the deepest regional and global economic crisis in history, the Latin American steel wire industry has been witnessing its negative effects. In many countries, companies have had to reduce or stop their production while other industries adapted to a new reality. Latin American steel association Alacero announced that Latin America is one of the worst affected Countries by the COVID-19 pandemic, but has sustained an improvement trend in July 2020.

Aco Brazil, Alacero, SIDOR are some of the key players in Latin America. Further, SIDOR is also the fourth largest steel producer in Latin America and the largest exporter of finished steel products in America.

The Latin America Steel Wire Market report thoroughly covers the market by grade, End-use industry and countries including Argentina, Brazil, Mexico and the rest of Latin America. Latin America steel wire market outlook report provides an unbiased and detailed analysis of the on-going Latin America Steel Wire market trends, opportunities/high growth areas, and market drivers which would help the shareholders to develop and align their market policies according to the present and future market dynamics.

Key Highlights

• Latin America Steel Wires Market Outlook
• Latin America Steel Wires Market Overview
• Latin America Steel Wires Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Latin America Steel Wires Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Grade
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End Use Industry
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Mexico Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Brazil Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Argentina Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Chile Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Latin America Steel Wires Market
• Market Drivers and Restraints
• Latin America Steel Wires Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America Steel Wires Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By End Use Industry:
• Automotive
• Construction
• Energy
• Agriculture
• Others
• By Grade:
• Carbon Steel
• Stainless Steel
• Alloy Steel
• By Countries:
• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Frequently Asked Questions About the Market Study (FAQs):