Colombia Steel Market Report and Forecast 2025-2034
Description
The Colombia steel market size was approximately 3.40 MMT in 2024. The market is assessed to grow at a CAGR of 4.10% between 2025 and 2034, reaching a value of 5.08 MMT by 2034.
The Colombia steel market growth is primarily driven by rapid development of infrastructure, the increasing utilisation of advanced technologies and methods for steel production, and the escalating public investment. Moreover, the demand for steel is significantly increasing in the automotive sector. The rise in purchase of passenger cars, the growing demand for electric vehicles, surge in automobile exports from the region, and the introduction of new car models all contribute to the heightened demand for steel in the automotive sector.
As per the Colombia steel market analysis, the demand for green steel is on the rise. It is driven by consumers and businesses who are increasingly looking for sustainable and environmentally friendly products. As awareness of climate change and environmental issues continues to grow, there is a growing market for products that are produced more sustainably and responsibly. By investing in sustainable steel production methods, steel producers can not only meet this growing demand but also differentiate themselves in the market and attract environmentally conscious customers.
Steel plays a crucial role in the production of agricultural machinery and equipment, including plough, crushers, rakes, cultivators, tractors, shovels, and hoes. The utilisation of steel in the manufacturing process enhances the efficiency, durability, and productivity of these tools. Its exceptional properties, such as corrosion resistance, adaptability, and environmental sustainability, make it an indispensable material in the agricultural sector. The anti-corrosion features of steel effectively safeguard agricultural equipment against rust and deterioration.
Market Segmentation
Colombia Steel Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Long Steel_x000D_ _x000D_ Wire Rod _x000D_ Rebars _x000D_ Merchant Bars _x000D_ Heavy Sections _x000D_ Others _x000D_ _x000D_
Long Steel_x000D_ _x000D_ Wire Rod _x000D_ Rebars _x000D_ Merchant Bars _x000D_ Heavy Sections _x000D_ Others _x000D_ _x000D_
Flat Steel_x000D_ _x000D_ Hot Rolled Wide Strip _x000D_ Quarto Plate _x000D_ Others _x000D_ _x000D_
Flat Steel_x000D_ _x000D_ Hot Rolled Wide Strip _x000D_ Quarto Plate _x000D_ Others _x000D_ _x000D_
Long Steel_x000D_ _x000D_ Wire Rod _x000D_ Rebars _x000D_ Merchant Bars _x000D_ Heavy Sections _x000D_ Others _x000D_ _x000D_
Flat Steel_x000D_ _x000D_ Hot Rolled Wide Strip _x000D_ Quarto Plate _x000D_ Others _x000D_ _x000D_
Market Breakup by Type
Carbon Steel
Alloy Steel
Stainless Steel
Tool Steel
Market Breakup by Application
Construction
Mechanical Engineering
Automotive
Metalware
Domestic Appliances
Agricultural
Others
Competitive Landscape
The market participants are focusing on the production of sustainable and green steel to reduce their carbon footprints and attract environmentally conscious customers.
Acerinox, S.A.
Swiss Steel Holding AG
Ternium S.A.
ArcelorMittal S.A.
SSAB AB
Gerdau S/A
Others
The Colombia steel market growth is primarily driven by rapid development of infrastructure, the increasing utilisation of advanced technologies and methods for steel production, and the escalating public investment. Moreover, the demand for steel is significantly increasing in the automotive sector. The rise in purchase of passenger cars, the growing demand for electric vehicles, surge in automobile exports from the region, and the introduction of new car models all contribute to the heightened demand for steel in the automotive sector.
As per the Colombia steel market analysis, the demand for green steel is on the rise. It is driven by consumers and businesses who are increasingly looking for sustainable and environmentally friendly products. As awareness of climate change and environmental issues continues to grow, there is a growing market for products that are produced more sustainably and responsibly. By investing in sustainable steel production methods, steel producers can not only meet this growing demand but also differentiate themselves in the market and attract environmentally conscious customers.
Steel plays a crucial role in the production of agricultural machinery and equipment, including plough, crushers, rakes, cultivators, tractors, shovels, and hoes. The utilisation of steel in the manufacturing process enhances the efficiency, durability, and productivity of these tools. Its exceptional properties, such as corrosion resistance, adaptability, and environmental sustainability, make it an indispensable material in the agricultural sector. The anti-corrosion features of steel effectively safeguard agricultural equipment against rust and deterioration.
Market Segmentation
Colombia Steel Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Long Steel_x000D_ _x000D_ Wire Rod _x000D_ Rebars _x000D_ Merchant Bars _x000D_ Heavy Sections _x000D_ Others _x000D_ _x000D_
Long Steel_x000D_ _x000D_ Wire Rod _x000D_ Rebars _x000D_ Merchant Bars _x000D_ Heavy Sections _x000D_ Others _x000D_ _x000D_
Flat Steel_x000D_ _x000D_ Hot Rolled Wide Strip _x000D_ Quarto Plate _x000D_ Others _x000D_ _x000D_
Flat Steel_x000D_ _x000D_ Hot Rolled Wide Strip _x000D_ Quarto Plate _x000D_ Others _x000D_ _x000D_
Long Steel_x000D_ _x000D_ Wire Rod _x000D_ Rebars _x000D_ Merchant Bars _x000D_ Heavy Sections _x000D_ Others _x000D_ _x000D_
Flat Steel_x000D_ _x000D_ Hot Rolled Wide Strip _x000D_ Quarto Plate _x000D_ Others _x000D_ _x000D_
Market Breakup by Type
Carbon Steel
Alloy Steel
Stainless Steel
Tool Steel
Market Breakup by Application
Construction
Mechanical Engineering
Automotive
Metalware
Domestic Appliances
Agricultural
Others
Competitive Landscape
The market participants are focusing on the production of sustainable and green steel to reduce their carbon footprints and attract environmentally conscious customers.
Acerinox, S.A.
Swiss Steel Holding AG
Ternium S.A.
ArcelorMittal S.A.
SSAB AB
Gerdau S/A
Others
Table of Contents
120 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Steel Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Steel Historical Market (2018-2024)
- 5.3 Latin America Steel Market Forecast (2025-2034)
- 5.4 Latin America Steel Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Colombia
- 5.4.5 Others
- 6 Colombia Steel Market Overview
- 6.1 Key Industry Highlights
- 6.2 Colombia Steel Historical Market (2018-2024)
- 6.3 Colombia Steel Market Forecast (2025-2034)
- 7 Colombia Steel Market by Product
- 7.1 Long Steel
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.1.3 Breakup by Type
- 7.1.3.1 Wire Rod
- 7.1.3.2 Rebars
- 7.1.3.3 Merchant Bars
- 7.1.3.4 Heavy Sections
- 7.1.3.5 Others
- 7.2 Flat Steel
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.2.3 Breakup by Type
- 7.2.3.1 Hot Rolled Wide Strip
- 7.2.3.2 Quarto Plate
- 7.2.3.3 Others
- 8 Colombia Steel Market by Type
- 8.1 Carbon Steel
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Alloy Steel
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Stainless Steel
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Tool Steel
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 9 Colombia Steel Market by Application
- 9.1 Construction
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Mechanical Engineering
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Automotive
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Metalware
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Domestic Appliances
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Agricultural
- 9.6.1 Historical Trend (2018-2024)
- 9.6.2 Forecast Trend (2025-2034)
- 9.7 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyers Powers
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Value Chain Analysis
- 12 Trade Data Analysis
- 12.1 Major Importing Countries
- 12.1.1 By Volume
- 12.1.2 By Value
- 12.2 Major Exporting Countries
- 12.2.1 By Volume
- 12.2.2 By Value
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Supplier Selection
- 14.2 Key Global Players
- 14.3 Key Regional Players
- 14.4 Key Player Strategies
- 14.5 Company Profiles
- 14.5.1 Acerinox, S.A.
- 14.5.1.1 Company Overview
- 14.5.1.2 Product Portfolio
- 14.5.1.3 Demographic Reach and Achievements
- 14.5.1.4 Certifications
- 14.5.2 Swiss Steel Holding AG
- 14.5.2.1 Company Overview
- 14.5.2.2 Product Portfolio
- 14.5.2.3 Demographic Reach and Achievements
- 14.5.2.4 Certifications
- 14.5.3 Ternium S.A.
- 14.5.3.1 Company Overview
- 14.5.3.2 Product Portfolio
- 14.5.3.3 Demographic Reach and Achievements
- 14.5.3.4 Certifications
- 14.5.4 ArcelorMittal S.A.
- 14.5.4.1 Company Overview
- 14.5.4.2 Product Portfolio
- 14.5.4.3 Demographic Reach and Achievements
- 14.5.4.4 Certifications
- 14.5.5 SSAB AB
- 14.5.5.1 Company Overview
- 14.5.5.2 Product Portfolio
- 14.5.5.3 Demographic Reach and Achievements
- 14.5.5.4 Certifications
- 14.5.6 Gerdau S/A
- 14.5.6.1 Company Overview
- 14.5.6.2 Product Portfolio
- 14.5.6.3 Demographic Reach and Achievements
- 14.5.6.4 Certifications
- 14.5.7 Others
Pricing
Currency Rates
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