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

Latin America structural steel market is expected to be seen increasing over years, due to its rapid industrial growth, advancement in technology, growing population, and urbanization with increasing residential housing units, an upsurge in residential and non-residential infrastructure and an increase in government spending on construction and infrastructural projects. These are the growth drivers expected to swell the demand and anticipated to propel consumption of structural steel in the commercial sector which in turn drives the growth of the Latin America structural steel market. Corrosion fear, expensive fireproof treatment, fatigue and fracture in steel, and deteriorating fiscal position had slow downed investment are some of the restraints that could inhibit the growth of the Latin America market scenario. Additionally, the outbreak of the COVID 19 pandemic has brought the manufacturing companies to a standstill and this sector has been worst hit with the current pandemic situation as manufacturers of non-essential goods had to shut down their manufacturing facilities in compliance with the government norms for lockdown, which by directly affecting the production and demand, creating supply chain and market disruption, and especially impacting firms and financial markets financially and even some construction companies are facing problems bringing their workers and their operations back to normal due to lockdown.

According to 6Wresearch, the Latin America Structural Steel Market size is anticipated to register growth during 2020-26. In this region, Brazil is the biggest producer of crude steel, which contributes to more than half produced in Latin America. Mexico ranked second, with crude steel production being second to Brazil. Brazil had gained momentum in recent years assisted by private consumption, and improvements made in the labour market and the increase in business investment have possibly aided by greater policy certainty could contribute to economic activity. The Latin America Steel industry focuses on strengthening the worth of regional integration, technological innovation, human resources excellence, company responsibility, and social & environmental property.

The Latin America structural steel market is estimated to witness opportunities in construction, infrastructure, shipping, real estate, energy, industrial, and commercial sectors, which are segmented into Heavy structural steel, Light structural steel, Rebar. In the residential segment, urbanization and construction have given a robust demand for steel long products as well as bars and sections whereas the expansion of producing trade provides demand for flat products like hot & cold rolled coil and stainless steel, which is probably going to possess a positive outlook within the steel market share. The non-residential segment is expected to record a significant growth rate on account of the increasing demand for high-quality construction materials in industrial, commercial, offices, and institutional buildings. Alacero, the Latin America Steel Association, previously called as Latin America Iron and Steel Institute, is that the non-profit organization that brings together the companies from 20 different countries and collaborates with the regional steel value chain, and their combined production accounts for nearly whole of the steel production in that geographical area. Major players involved in the structural steel industry includes ArcelorMittal S.A, Nippon Steel & Sumitomo Metal Corporation, JSW Steel, Shagang Group, Shandong Iron & Steel Group, Tata Steel (TISCO), Wuhan Iron and Steel, Hyundai Steel and Essar Steel, Valin Steel, Anyang Iron & Steel Group, Baogang Group, Nucor Steel, Baosteel, Ansteel, Southern Steel Company (SSC), Pomina, Krakatau Steel, Sahaviriya Steel Industries, G Steel PCL, SAMC, Capitol Steel.

The Latin America Structural Steel market report thoroughly covers the market Products, Applications, and countries such as Mexico, Argentina, Chile, Brazil and the Rest of Latin America. The Structural Steel market outlook report provides an unbiased and detailed analysis of the ongoing Latin America Structural Steel market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to plan and align their market strategies consistent with the present and future market dynamics.

Key Highlights

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

Markets Covered

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

• By Type:
• Heavy Sectional Steel
• Light Sectional Steel
• Rebar
• By Application:
• Residential
• Non-residential
• By Countries:
• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Frequently Asked Questions About the Market Study (FAQs):