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Steel in Brazil Market Players Analysis

Products and Services

Here is a detailed report on the top 10 market players in the Brazilian steel industry, their main products and services, and available data on volume and revenue trends.

ArcelorMittal Brasil: ArcelorMittal Brasil is part of the global ArcelorMittal group, a significant worldwide steel producer. In Brazil, it holds a major presence in both long and flat steel production, alongside mining activities. The company became the largest steel producer in Brazil and Latin America after incorporating the Pecém Unit in March 2023. ArcelorMittal produces various steel profiles catering to civil construction and other sectors, including structural profiles. In 2023, ArcelorMittal reported production of 14.8 million tons (including operations in Brazil, Argentina, and Costa Rica) and sales of 14.4 million tons. Production increased by 16.5% in 2023. Revenue in 2023 was R$ 69.8 billion. While 2024 full-year data is not provided, the 2023 figures show positive volume growth. The provided data does not offer a direct 2023-2024 volume/revenue comparison for Brazil specifically, but group-level production increased in 2023.

Gerdau S.A.: Gerdau is the largest Brazilian steel producer and a key supplier of long steels across the Americas and special steels globally. The company also produces flat steels and iron ore in Brazil. Gerdau operates mines in Minas Gerais and is investing in its mining platform to support sustainable production and decarbonization efforts. Its product range includes structural profiles. In 2024, Gerdau's crude steel production was 11.7 million tons, compared to sales of 11.3 million tons in 2023 and 10.9 million tons in 2024. Consolidated revenue decreased to R$ 67 billion in 2024 from R$ 68.9 billion in 2023. In Brazil, Gerdau Açominas S.A. reported R$ 26.830 billion in revenue in 2023. The company reported a decrease in revenue and adjusted net income in 2024 compared to 2023.

Companhia Siderúrgica Nacional (CSN): CSN is one of the largest steel companies in Brazil and Latin America, with diverse operations spanning siderurgy, mining, logistics, cement, and energy. Historically focused on flat steels for industrial use, CSN has expanded its operations to include long steels for civil construction. The company possesses significant mining assets and logistics infrastructure. CSN's main steel plant has a crude steel production capacity of approximately 6 million tons per year and rolled products capacity of around 5 million tons per year. Steel production in 3Q24 was 995 thousand tons, with Brazil steel sales reaching 866.5 thousand tons in the same period. Mining production (including third-party) was 42 Mt in 2024 and 42.010 million tons in 2024. Mining sales in 2024 were 42.552 million tons. Consolidated revenue decreased to R$ 43.6 billion in 2024 from R$ 45.437 billion in 2023. However, steel production and sales volume increased in 3Q24. Siderurgy revenue was R$ 22.717 million in 2023. CSN Mineração's revenue was R$ 13.009 billion in 2024, a decrease from R$ 17.05 billion in 2023.

Usiminas (Usinas Siderúrgicas de Minas Gerais S.A.): Usiminas is a leading player in the Brazilian flat steel market, characterized by an integrated production system and a broad customer base. The company is recovering from major maintenance on its blast furnace 3, which resumed operations in late 2023, leading to improved productivity and costs. Usiminas also operates in the mining sector. Steel sales in 2023 totaled 4.027 million tons. Mining production in 2023 was 8.8 million tons, with sales of 8.5 million tons in 2024, representing a 6% decrease compared to 2023. Consolidated revenue decreased to R$ 25.9 billion in 2024 from R$ 27.638 billion in 2023. Mineração Usiminas had revenue of R$ 3.5 billion in 2023. Forecasts suggest the potential for healthier prices with anticipated anti-dumping measures.

Ternium Brasil: Ternium Brasil is part of the Italian-Argentine Techint group and is recognized as one of Brazil's largest steel companies. Specific recent volume and revenue data for Ternium Brasil for 2023/2024 were not available in the provided sources.

Siderúrgica Simec: Siderúrgica Simec is controlled by a Mexican group and is also listed among the largest steel companies in Brazil. Information on specific recent volumes and revenue for Simec in Brazil for 2023/2024 was not available in the provided sources. The company has been operating in Brazil for eight years as of 2022.

Vallourec Soluções Tubulares do Brasil S.A.: Part of the French group Vallourec Tubes, Vallourec Soluções Tubulares do Brasil S.A. is noted as one of the largest steel companies in Brazil, with historical ties to the former German group Mannesmann. The company specializes in tubular steel solutions. Specific recent volume and revenue data for Vallourec Brasil for 2023/2024 were not available in the provided sources.

SINOBRAS (Siderúrgica Norte Brasil S.A.): SINOBRAS is controlled by the Aço Cearense group and is mentioned as one of the largest steel companies in Brazil, with a plant located in Marabá, PA. The company commenced operations in 2008. Information on specific recent volumes and revenue for SINOBRAS for 2023/2024 was not available in the provided sources.

Aço Verde do Brasil (AVB): Aço Verde do Brasil (AVB) is recognized as one of the largest steel companies in Brazil and is an associated company of Instituto Aço Brasil. Specific recent volume and revenue data for AVB for 2023/2024 were not available in the provided sources.

Aperam South America: Aperam South America is mentioned as a major steel producer located in Minas Gerais and is also an associated company of Instituto Aço Brasil. Specific recent volume and revenue data for Aperam South America for 2023/2024 were not available in the provided sources.

Comparative Table: Volume and Revenue Growth/Decline (2023 vs 2024)

Company Name Main Products/Services Volume Trend (2023 vs 2024) Revenue Trend (2023 vs 2024)
ArcelorMittal Brasil Long and Flat Steel, Mining Increase in group production in 2023 (16.5%). 2024 data for Brazil not available for direct comparison. Decrease in group revenue in 2023 (54.5% in profit). Decrease in consolidated revenue in 2024 vs 2023 for the group. 2024 data for Brazil not available for direct comparison.
Gerdau S.A. Long Steels, Special Steels, Flat Steels, Iron Ore Sales volume decreased slightly in 2024 (10.9 Mt) vs 2023 (11.3 Mt). Consolidated revenue decreased in 2024 (R$ 67 billion) vs 2023 (R$ 68.9 billion).
CSN Flat Steels, Long Steels, Mining, Logistics, Cement, Energy Steel production and sales volume increased in 3Q24. Mining sales slightly decreased in 2024 (42.552 Mt) vs 2023 (42.5 Mt). Consolidated revenue decreased in 2024 (R$ 43.6 billion) vs 2023 (R$ 45.437 billion). CSN Mineração revenue decreased in 2024 (R$ 13.009 billion) vs 2023 (R$ 17.05 billion).
Usiminas Flat Steel, Mining Mining sales decreased by 6% in 2024 (8.5 Mt) vs 2023 (8.8 Mt production). Steel sales in 2023 were 4.027 Mt. 2024 steel sales data not available for direct comparison. Consolidated revenue decreased in 2024 (R$ 25.9 billion) vs 2023 (R$ 27.638 billion).
Ternium Brasil Steel Data not available. Data not available.
Siderúrgica Simec Steel Data not available. Data not available.
Vallourec Soluções Tubulares do Brasil S.A. Tubular Steel Solutions Data not available. Data not available.
SINOBRAS Steel Data not available. Data not available.
Aço Verde do Brasil (AVB) Steel Data not available. Data not available.
Aperam South America Steel Data not available. Data not available.

References

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  • Cenário dos Fabricantes de Estruturas em Aço - CBCA.
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  • Gerdau fecha 2023 com lucro líquido de R$ 6,9 bilhões - Revista Mineração. (2024-02-21)
  • ArcelorMittal tem resultados financeiros e operacionais positivos em 2023. (2024-05-11)
  • Lucro da CSN Mineração (CMIN3) salta 48,4% no 4º trimestre; veja o que levou ao resultado - E-Investidor. (2025-03-13)
  • Perfil Estrutural - ArcelorMittal.
  • GERDAU AÇOS LONGOS S.A. COMPANHIA FECHADA.
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