Central and South America’s apparent steel is expected to decline in 2015, according to data from the World Steel Association (worldsteel). The region's apparent steel use is expected to decrease 3.4 percent to 46.5 million mt from 48.1 million mt in 2014.
According to worldsteel, the region could see a trend reversal in apparent steel use in 2016, which is forecast to reach 48.1 million mt, the same level as seen in 2014.
As the only country in the region to make 2014’s list of top 10 steel using countries, Brazil is expected to register a 22.7 million mt apparent steel use in 2015, almost half of the projected value for Central and South America.
However, Mexico appears to be an exception in worldsteel’s Latin American projections. The country is expected to see a 2.6 percent increase in apparent steel use this year, rising from 22.5 million mt in 2014 to 23.1 million mt in 2015.