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MARKET OVERVIEW

1.1 Definition and scope of study

Iron in its mineral form represents 4.2% of the Earth's crust, making it one of the most abundant elements on the planet. Moreover, this is the most produced and present metal in people's daily lives. The vast majority (about 99%) of iron ores mined are used in the manufacture of steel and cast iron, in addition to iron from others such as the ferroalloys and cement industries.

Brazil alone holds 8.3% of iron ore reserves, equivalent to 17 billion tons, the fifth highest amount in the world. However, the country is the second largest world producer of this ore with 19% of production, just behind China (21%). The largest Brazilian deposits are in Minas Gerais (61%), Mato Grosso do Sul (28%) and Pará (10.4%). Vale S.A. is the largest producer of this commodity in the world.

Steel, in turn, is basically an alloy of iron and carbon, whose main utilities are found in civil construction, the automotive industry and the manufacture of household appliances. Just to give an example, steel represents 56% of a car's weight, 55% of the refrigerator's weight 75% of the stove's weight.

China is the largest market in production and export volume, while the largest consumer markets are the European Union and the United States. In Brazil, around 34 million tons of steel are produced per year. The competition is basically formed by 14 private companies, controlled by 11 business groups, operating 30 mills in 10 Brazilian states, with 61% of production concentrated in Minas Gerais and Rio de Janeiro.

Both steel and iron are historically essential commodities for the Brazilian economy, both for the foreign and domestic markets, representing more than 10% of total exports. Prospects for growth are of around 5% for the coming years, which shows that the market is still extremely attractive to new entrants.

DEMAND ANALYSIS

MARKET STRUCTURE

ANALYSIS OF THE OFFER

REGULATION

POSITIONING OF THE PLAYERS

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in 40 pages
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Analysts

chargé d'études économiques, Xerfi

Hugo Schott

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Associate Consultant

Mathieu Luinaud

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PhD Industrial transformations

Robin Charbonnier

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Analyst

Pierre Doussau

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President Ross Alumni Club France

Arnaud Walter

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Analyste de marché chez Businesscoot

Amaury de Balincourt

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Consultant

Pierrick Cudonnec

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Project Finance Analyst, Consulting

Maelle Vitry

Etudiante en Double-Diplôme Ingénieur-Manager Centrale

Héloise Fruchard

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EDHEC

Imane Essadiq

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Auditeur

Vincent Defrenet

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Eva-Garance Tison

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Market Research Analyst

Michela Grimaldi

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Market Research Analyst @Businesscoot

Azelie Prigent

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Market Research Analyst @Businesscoot

Cantiane Gueguen

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Consultant

Jules Decour

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Alexia Vacheron

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Emil Ohlsson

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Anna Oeser

Anna Oeser

Gabriel Salvitti

Gabriel Salvitti