It is located in the Brazilian city of Belém, capital of Pará, on Boulevard Castilhos França, in the neighborhood of Campina (or Comércio).

[1] Inside the market there are several types of stands selling meat, meals (breakfast and lunch), handicrafts, Umbanda articles, drinks and more.

[1] Strategically located near the mouth of the Amazon River, Belém was the region's largest trading post for products extracted from the Amazon area destined for local and international markets, such as drogas do sertão and low-priced meat from the herds on Marajó Island, besides being the point of arrival for European products.

[2][3] In 1899, at the peak of the rubber cycle, the landscape of Ver-o-Peso underwent new changes: the Meat Market was enlarged, the Casa de Haver-o-Peso was demolished in 1899 to build the Iron Market, the embankment of Guajará Bay was expanded and the Port of Belém was built in 1909, as well as other structures that emerged following the European architectural pattern of eclectic style with art nouveau influence.

[4][5][6] In 1908, the market was remodeled by architect and engineer Francisco Bolonha, who replaced the wooden beams with a cast iron structure from Scotland, which is still present today.