The innovation of information technologies and production processes has transformed traditional industry by changing its way of thinking, managing and producing, leading to a new level of development. Thus, a new way of teaching engineering and business administration students is needed to prepare for this new reality. The objective of this study is to investigate the ways of industry 4.0 in brazil, especially in the steel sector. a literature review is used to investigate in the literature the main components of industry 4.0, its evolution and the main challenges to respond to current requirements, in order to better prepare students for the new reality. It is adopted as a didactic tool this new scenario that presents important socioeconomic paradigms that can affect both the industrial development of the world and brazil with it. The research results point to a need to update the industry as well as universities in preparing the future manager and engineer for new technologies and their integration in industrial processes. It is concluded that there are still many challenges, as it requires a change of mentality, above all. As in previous revolutions, new production processes, new products, new paradigms and consequently new socioeconomic impacts will emerge.