Revolution in Brazilian Mining: Billion-Dollar Investment in Automotive Industry Expected to Increase Production and Demand for Steel in Brazil
Good news for Brazilian mining! In April, the National Association of Vehicle Manufacturers (Anfavea) revealed an investment of R$ 125 billion by 2032 to be made by automakers in Brazil. This investment aims to increase vehicle production, create jobs, and decarbonize the sector. Marcos Ledo, CEO of Krominox, the national leader in the production of tubes and stainless steel solutions, believes that this optimistic scenario will drive other markets that supply the automotive sector.
“The stainless steel industry enables the construction of lighter and more durable vehicles, and the demand for this material is expected to grow in the coming years. Stainless steel is predominant in structures such as bodywork and automotive exhaust systems, including parts like mufflers, pipes, and catalytic converter housings. Additionally, it is used in safety and braking applications, such as the wire mesh of airbags and brake discs. Filters, fuel tanks, and oil gauges, which come into contact with abrasive and corrosive substances, are also made from stainless steel,” explains Ledo.
There Are Already Over 150,000 Electric Cars in Circulation in Brazil
The electric car market also has positive projections. According to a study by the consulting firm AlixPartners, the share of electric vehicles in the global automotive market could reach 54% by 2035.
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In Brazil, despite a more modest commercialization, the Brazilian Electric Vehicle Association (ABVE) reports that there are already over 150,000 units in circulation. This scenario is promising for manufacturers of stainless steel solutions.
Electric Motors and Rechargeable Batteries, Which Contain Large Volumes of Metal Alloy, Are Examples of Items That Require Stainless Steel
“Electric motors and rechargeable batteries, which contain large volumes of metal alloy, are examples of items that require stainless steel. This material will also be used in other elements of electrified models, in addition to bodywork and safety and braking applications, as in combustion vehicles,” says the Krominox executive.
Another relevant application of stainless steel in the electric vehicle market, according to Ledo, is at charging points, or charging stations, which use this metal alloy in their construction.
“Estimates suggest that, in the next three years, there will be around 10,000 charging stations for electric cars in Brazil, with various sources of renewable energy. Considering photovoltaic systems as a clean alternative for energy generation, stainless steel is also present in the structures and collection plates, demonstrating a strong trend of application,” adds Ledo.
Krominox Continues to Expand Its Production Capacity to Meet the Promising Demand for Steel in Brazil
For this reason, Krominox, one of the largest manufacturers of tubes and stainless steel solutions, continues to expand its production capacity to efficiently meet the demands of the automotive industry. With a complete portfolio that includes tubes of different diameters and longitudinal seam rolling, the company stands out in customization to meet the specific needs of each sector and project.
With over 25 years in the steel market, Krominox is one of the leading Brazilian companies specialized in the manufacturing of tubes and stainless steel solutions. The company has a strong presence in the sugar and alcohol sector and leads in the pulp and paper segment, demonstrating its expertise and quality in manufacturing customizable tubes. Krominox also provides solutions for the automotive, food, sanitation and treatment, pharmaceutical, chemical, petrochemical, mining, and other sectors.
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Muito bom !! Novas tecnologias!!! Bravos!!!