Brazilian Steelmakers Plan $4.6 Billion in Project Kickoffs

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking about US$4.6 billion worth of steel projects that are planned to kick off between September 2022 and December 2023 in Brazil.

The states of Minas Gerais and Ceará are home to 71% of the total investments (US$3.2 billion) in this sector. The steel sector witnessed a strong recovery during 2021, and investment activity is expected to continue to rise, driven by the post-COVID economic recovery and global demand. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a list of detailed project reports.

Click on the image at right for a chart showing steel project spending in Brazil by state.

The main steel-producing companies in the country are preparing their investment plans to meet the demand, with energy transition as one of its main drivers.

Some notable projects set to kick off construction between September 2022 and December 2023 include the expansion of Companhia Siderurgica do Pecem's (Sao Goncalo Do Amarante, Ceará) plant in Sao Goncalo Do Amarante; the reconstruction of Blast Furnace 3 at Usinas Siderurgicas De Minas Gerais SA's (Belo Horizonte, Minas Gerais) Ipatinga plant; and the expansion of Gerdau Acominas' (Ouro Branco, Minas Gerais) plant in Ouro Branco. Subscribers can click here for a list of related project reports and click here for related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).