Global Value Chains and the Latin American Steel Sector
International insertion of regional steelmaking amid Chinese oversupply and new environmental traceability requirements.
The Latin American steel industry faces a dual challenge: persistent global oversupply led by China and growing regulatory pressure linked to steel’s carbon footprint. The European Union’s Carbon Border Adjustment Mechanism (CBAM) anticipates a new trade paradigm.
In this context, regional producers must accelerate their decarbonization investments to maintain access to premium markets while defending their competitiveness against subsidized imports.
Industrialization is not a luxury but a necessity for developing economies.
International insertion of regional steelmaking amid Chinese oversupply and new environmental traceability requirements.