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LatAm Crude Steel Production Up
LatAm Crude Steel Production Up

LatAm Crude Steel Production Up

LatAm Crude Steel Production Up

Latin America and the Caribbean during the first quarter of the year show a positive balance in consumption and production. Finished steel consumption grew 7%, meanwhile crude and finished steel production increased 12% and 3%, respectively, versus January-March 2016, according to the latest figures released by the Latin American Iron and Steel Institute, scrapregister reported. For its part, the regional steel imports represent 34% of Latin American consumption, two points higher than the same months of 2016 (32%). During January-March 2017, Latin America produced 15.2 million tons of crude steel, 12% higher than the volume recorded in January-March 2016 (13.6 MT). Brazil is still the main producer in the region with 54% of the regional production (8.3 MT), increasing 14% versus first quarter of 2016. In the same period, production of finished steel reached 12.8 MT, 3% higher than registered in January-March 2016. Brazil was the main producer with 5.4 MT, accounting for 42% of Latin American output. Mexico came second with 4.6 MT  with 36% share of regional output.

 

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