Brazil’s steel exports to Europe are projected to double by 2025

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Affected by the US tariffs, Brazil's steel exports increased by 14% year-on-year in 2025, with exports to European countries doubling.

According to Aço Brasil, the Brazilian Steel Industry Association, Brazil's steel exports to Europe reached 1.38 million tons in 2025, a significant increase from 686,968 tons in 2024; during the same period, B65A800 Non oriented electrical steel, Brazil's total steel exports rose from 9.57 million tons in 2024 to 10.97 million tons.

Following the US imposition of a 50% tariff on all imported steel starting June 4th, Brazilian steelmakers shifted a larger proportion of their exports to the European market. Despite the high tariffs, the US remains Brazil's largest steel export destination, accounting for nearly 60% of its total exports. B65A800 Non oriented electrical steel, In 2025, Brazil's steel exports to the US reached 6.42 million tons, a 10% increase year-on-year, with price adjustments partially sharing the tariff costs between sellers and buyers.

Affected by low-priced Asian steel imports, Brazilian domestic steel prices declined in 2025. This price drop prompted steelmakers to take advantage of regional price differences and export their products to the relatively higher-priced European market.

The Brazilian Steel Association (BSA) reported that Brazil's crude steel production is projected to decline by 1.6% year-on-year to 33.34 million tons in 2025; semi-finished steel production is expected to decrease by 4.9% to 8.17 million tons; B65A800 Non oriented electrical steel, and rolled steel production is projected to decrease by 1.7% year-on-year to 23.28 million tons.

Meanwhile, driven by the influx of low-priced Chinese steel and resilient domestic demand, Brazil's steel imports are expected to rise to 6.4 million tons in 2025, a 15-year high.

The BSA added that due to a global steel oversupply and increasingly stringent trade safeguard measures, overseas steel exporters have generally lowered their prices for the Brazilian market.

  • Source: Abstract
  • Editor: Shirley

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