Steel output at Venezuela’s state-run steelmaker Sidor rose 2.7 percent in 2015, according to media reports.
Sidor produced 1.06 million mt of steel, while average steel output during the year was 89,005 mt. December’s steel output reached 86,916 mt, 31.6 percent up from 66,031 mt in November.
Despite the increased steel output in December and in 2015, Sidor’s output levels reached about a fourth of its capacity.
Wire rod production at Sidor declined 26.8 percent in 2015 to 138,480 mt. Rebar output, which was mainly destined to housing programs, rose 12.1 percent to 118,031 mt. Sidor’s tinplate output diminished 25 percent in 2015 to 13,414 mt.