Latin America Steel Market Size & Outlook, 2024-2030
The steel market in Latin America is expected to reach a projected revenue of US$ 54,111.5 million by 2030. A compound annual growth rate of 3.5% is expected of Latin America steel market from 2025 to 2030.
Revenue, 2024 (US$M)
$43,970.2
Forecast, 2030 (US$M)
$54,111.5
CAGR, 2025 - 2030
3.5%
Report Coverage
Latin America
Related Markets
Latin America steel market highlights
- The Latin America steel market generated a revenue of USD 42,954.0 million in 2023.
- The market is expected to grow at a CAGR of 3.4% from 2024 to 2030.
- In terms of segment, building & construction was the largest revenue generating end use in 2023.
- Heavy Industry is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 42,954.0 million |
| Market revenue in 2030 | USD 54,111.5 million |
| Growth rate | 3.4% (CAGR from 2024 to 2030) |
| Largest segment | Building & construction |
| Fastest growing segment | Heavy Industry |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Building & Construction, Automotive & Transportation, Heavy Industry, Consumer Goods |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.4% of the global steel market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 120,147.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Steel Market Scope
Steel market segmentation & scope
Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Posco | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://posco.com |
| JFE Steel | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | https://www.jfe-steel.co.jp/en |
| Tata Steel | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.tatasteel.com |
| ArcelorMittal | View profile | 10001+ | Luxembourg, Luxembourg, Luxembourg, Europe | https://corporate.arcelormittal.com/ |
| Emirates Steel | View profile | 1001-5000 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | https://www.emiratessteel.com/ |
| BAOSTEEL | View profile | 10001+ | Shanghai, Shanghai, China, Asia | http://www.baosteel.com/group_en/ |
| Outokumpu Oyj Class A | View profile | 8776 | Salmisaarenranta 11, Helsinki, Finland, FI-00180 | https://www.outokumpu.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| Nucor Corp | View profile | 32000 | 1915 Rexford Road, Charlotte, NC, United States, 28211 | https://www.nucor.com |
Latin America steel market size, by country, 2018-2030 (US$M)
Latin America Steel Market Outlook Share, 2024 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
