During the first eight months of the year, the consumption of rolled steel products in Latin America has declined by 10.2 percent on yearly basis, according to the region’s steel association Alacero.
In Chile, the decline reached 50.2 percent, in Peru 16.8 percent, in Brazil 2.7 percent and in Argentina by 1.5 percent, while in Colombia and Mexico the consumption has actually increased, by 13.7 percent and 1.8 percent, respectively.
The volume consumed during the period has reached 40.35 million mt, a figure higher than in the period before the Covid 19 pandemic.
According to Alacero, the total volume for 2022 is now expected to show a decline in the 5 percent to 6 percent range reaching a volume around 68 million mt.
In Brazil, the local steel institute IABr is expected to review its forecasts for steel production and consumption still during this month.
Alacero is hosting its congress during 16 and 17 November in Monterrey, Mexico, with focus on the sustainability of the steel industry.