Steel is positioned as a key element for the economic development of the region, acquiring greater relevance in the current context. According to Reports and Data, the global steel market is expected to grow by 2.5% annually by 2028, reaching 1.12 trillion dollars. In this scenario, the Latin American Steel Association (Alacero) identifies four main trends for the coming year:

• Sustainability at the forefront: Steel manufactured in Latin America stands out for its focus on sustainability, using renewable energies and reducing the carbon footprint. The use of scrap is also an option in production. The steel industry can use up to 25% of steel scrap to sustain itself.
• Nearshoring and competitiveness: Promoting the development of the sector through the use of materials produced in nearby regions, such as Latin America, will foster competitiveness and innovation. Alacero advocates fair trade, avoiding unfair practices.
• Education and job creation: The steel industry employs 1.3 million people directly in Latin America, but to drive growth, it is necessary to change paradigms and generate economic and social benefits.
• Sustainable economic development: Steel is essential for the region's economic development and its evolution has a positive impact on the economy as a whole.