South America Steel Wire Rods Market Size, Share, Trends, and Forecast to 2031 | Infrastructure and Scrap-Based Production Unlock Over USD 1.69 Billion in Growth
The South American steel wire rods market is projected to grow by over USD 1.69 billion during 2026-2031, driven by infrastructure investment, housing construction, agricultural mechanization, and industrial modernization. Brazil leads regional production and consumption, while mini-mill technology and scrap-based electric arc furnace production improve manufacturing economics. Key growth segments include alloy steel, energy applications, and galvanized wire rods, though challenges include economic uncertainty and limited advanced manufacturing capability.