Latin America is the second most important destination for Chinese finished steel exports, said Alacero on Tuesday.
According to the trade group, finished steel imports from China to Latin America reached 2.5 million metric tons between January and April this year, rising strongly by 78 percent year-over-year, though Chinese total steel exports in the same period.grew by 33 percent year on year.
Alacero said, Latin America, which accounts for five percent of the global finished steel consumption, received 11 percent of China's total finished steel exports in the first four months of the current year.
In the January-April period of the current year, Chinese finished steel exports to Brazil and Mexico skyrocketed by 193 percent and 144 percent respectively.
In April, Latin America received 652,035 metric tons of finished steel from China, becoming China's second largest export market for finished steel products, only surpassed by South Korea. South Korea, the world's largest importer of the product from China, received 1.1 million metric tons.