Infrastructure projects in Brazil could generate a demand of 8.4 million mt of steel, a study by consulting company E8 Inteligencia said this week during Brazil’s Steel Congress, held in Sao Paulo from August 21-22.
The estimate includes a number of Brazilian projects qualified under the state-run Program for Partnership in Investments, also known as PPI. The initiative aims to sell or auction several government-owned projects, including ports, airports, railways and oil and gas assets.
Eliana Taniguti, director at E8 Inteligencia, said the highest steel demand potential comes from the oil and gas sector: about 7.9 million mt. Railways could generate a demand of 384,800 mt of steel, followed by roads (68,700 mt), airports (34,700 mt) and ports (14,300 mt).
Taniguti said his company estimated the potential steel demand based on which projects would demand steel structures.