FC2Video

Brazil is now the fourth largest global market for the automobile industry, after sales for 2010 exceeded 3.45 million vehicles.

The rise - which was up 9.8 per cent on 2009 - is seeing the demand for steel surge, as increasing numbers of international manufacturers set up operations in the country.

According to Anfavea, the Brazilian Association of automobile manufacturers, Fiat holds a 23.2 per cent share of the Brazilian market whilst Volkswagen holds 22.73 per cent and General Motors holds 21.18 per cent.

Brazil has moved ahead of Germany in the rankings, and sits only behind China, the United States and Japan.