The Argentina steel market size reached USD 5,036.34 Million in 2024. The market is projected to reach USD 6,640.50 Million by 2033, exhibiting a growth rate (CAGR) of 3.12% during 2025-2033. The market is advancing under rising demand from infrastructure and industrial sectors, supported by efforts to modernize production. The industry is adopting more sustainable processes and newer technologies to improve efficiency and product quality. Producers are focusing on higher-strength, more durable steel to meet evolving construction and manufacturing needs. While challenges like raw material costs and currency variation remain, government involvement and investment continue to drive resilience and expansion in the steel sector. These dynamics are boosting Argentina steel market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 5,036.34 Million |
Market Forecast in 2033 | USD 6,640.50 Million |
Market Growth Rate 2025-2033 | 3.12% |
Strengthening Domestic Production Capacity
Argentina has been showing signs of recovering steel production levels after periods of disruption. Producers have increased output of crude steel, hot‑rolled coil, and long products as plants resume full operations and respond to rising demand from sectors such as automotive and infrastructure. In April 2024, according to data from the sources, crude steel production rose sharply compared to the preceding month, reflecting both operational restarts after labor strikes and improved logistical conditions. These developments are reinforcing local supply chains, reducing reliance on imports, and supporting broader industrial activity. Enhanced domestic capacity provides more predictable delivery schedules and lowers transportation and lead‑time costs, which are valuable for downstream steel users. Such upward momentum is contributing to supply stability and enabling Argentina steel market growth as demand from construction, transport equipment, and renewable energy infrastructure becomes more certain. Continued investment in process efficiency and modernization promises to underpin further improvement in production consistency and output quality.
Elevated Export‑Import Adjustments and Trade Policy Shifts
Trade policy and regulation are increasingly shaping Argentina’s steel industry landscape. Recently, the government lifted the long‑standing ban on scrap metal exports, a decision that improves access to inputs for electric arc furnaces and reduces dependency on global scrap supply chains. The removal of export restrictions for ferrous and non‑ferrous scrap in January 2025 indicates a strategic move to integrate local steelmaking more deeply into regional and international value chains. These changes enhance cost flexibility and create opportunities for domestic processors to compete more broadly. Combined with adjustments in import tariffs and licensing, this shift promotes transparency and supports improved trade flows. Such policy measures help align Argentina’s metal supply ecosystem toward greater efficiency and responsiveness. Collectively, these trade and regulatory reforms are reinforcing Argentina steel market trends and enabling the sector to leverage external market opportunities in raw materials and finished steel products.
Progress of Steel Sector Modernization Process
Argentina's steel sector is progressively implementing its modernization program, with increasing emphasis on increased efficiency, environmental responsibility, and product uniformity. Investments are being made in expanding rolling mills, improving furnace technologies, and incorporating automation to streamline production processes. These initiatives aim to minimize energy use, enhance operational stability, and raise the quality of finished steel products. Apart from physical plant upgrading, there is a growing focus on implementing digital processes for process monitoring and quality control, facilitating more responsive and adaptive production. Such advancements facilitate improved resource use and decreased material waste, which assists producers in meeting global standards both for performance and sustainability. Through pushing modernization forward, Argentina's steel industry is increasing its capacity to satisfy the technical needs of industries like automotive, construction, and renewable energy. This emphasis also enhances long-term cost competitiveness and reliability throughout the supply chain. Through further modernization, it opens opportunities for technological alliances, workforce training, and product diversification placing Argentina's steel industry as a more robust and forward-looking sector of the national industrial base.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, product, and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes flat steel and long steel.
Product Insights:
A detailed breakup and analysis of the market based on the product has also been provided in the report. This includes structural steel, prestressing steel, bright steel, welding wire and rod, iron steel wire, ropes, and braids.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes building and construction, electrical appliances, metal products, automotive, transportation, mechanical equipment, and domestic appliances.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Buenos Aires Region, Litoral Region, Northern Region, Cordoba Region, Cuyo Region, and Patagonia Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Flat Steel, Long Steel |
Products Covered | Structural Steel, Prestressing Steel, Bright Steel, Welding Wire and Rod, Iron Steel Wire, Ropes, Braids |
Applications Covered | Building and Construction, Electrical Appliances, Metal Products, Automotive, Transportation, Mechanical Equipment, Domestic Appliances |
Regions Covered | Buenos Aires Region, Litoral Region, Northern Region, Cordoba Region, Cuyo Region, Patagonia Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: