Peru Steel Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)
Description
The Peru steel market size reached around 4.00 MMT in 2024. The market is projected to grow at a CAGR of 3.20% between 2025 and 2034, reaching almost 5.48 MMT by 2034.
Steel is central to Peru’s economic development since it is an integral raw material for numerous other sectors. Sustainable manufacturing practices make steel produced in Latin America relatively cleaner (30%) than steel produced in other countries such as China. This is one of the key Peru steel market trends.
The performance of the Peruvian economy is closely tied to the steel manufacturing output, and technological advancements in iron ore extraction and processing are expected to propel thesteel marketgrowth in Peru over the forecast period.
The application of steel in the construction sector is expected to dominate the Peru steel market growth. The construction of new renewable energy power plants, ports, and highways is expected to generate a huge demand for steel and associated products, such as wire rods and rebars.
The automotive sector is also expected to increase its demand for steel in Peru, as the domestic industry looks towards upscaling its production capacities and meeting foreign demand. Moreover, technological developments in automotive design are influencing the demand for carbon steel as it is used to manufacture bushings and door frames, among other vehicle components. This is expected to drive the Peru steel market expansion over the forecast period.
Market Segmentation
Peru 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 key Peru steel market players are:
Corporacion Aceros Arequipa SA
Gerdau S/A
Century Metals & Supplies INC.
ArcelorMittal S.A.
SSAB AB
Acerinox, S.A.
Others
Steel is central to Peru’s economic development since it is an integral raw material for numerous other sectors. Sustainable manufacturing practices make steel produced in Latin America relatively cleaner (30%) than steel produced in other countries such as China. This is one of the key Peru steel market trends.
The performance of the Peruvian economy is closely tied to the steel manufacturing output, and technological advancements in iron ore extraction and processing are expected to propel thesteel marketgrowth in Peru over the forecast period.
The application of steel in the construction sector is expected to dominate the Peru steel market growth. The construction of new renewable energy power plants, ports, and highways is expected to generate a huge demand for steel and associated products, such as wire rods and rebars.
The automotive sector is also expected to increase its demand for steel in Peru, as the domestic industry looks towards upscaling its production capacities and meeting foreign demand. Moreover, technological developments in automotive design are influencing the demand for carbon steel as it is used to manufacture bushings and door frames, among other vehicle components. This is expected to drive the Peru steel market expansion over the forecast period.
Market Segmentation
Peru 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 key Peru steel market players are:
Corporacion Aceros Arequipa SA
Gerdau S/A
Century Metals & Supplies INC.
ArcelorMittal S.A.
SSAB AB
Acerinox, S.A.
Others
Table of Contents
108 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 Peru
- 5.4.5 Others
- 6 Peru Steel Market Overview
- 6.1 Key Industry Highlights
- 6.2 Peru Steel Historical Market (2018-2024)
- 6.3 Peru Steel Market Forecast (2025-2034)
- 7 Peru 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 Peru 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 Peru 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 Corporacion Aceros Arequipa SA
- 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 Gerdau S/A
- 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 Century Metals & Supplies INC.
- 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 Acerinox, 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
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