Argentinian crude steel production drops 30.7 percent in March

Wednesday, 24 April 2019 00:35:31 (GMT+3)   |   Sao Paulo

Argentinian crude steel production in March declined 30.7 percent, year-on-year, but rose 3.1 percent, month-on-month, to 328,200 mt, according to local steel association, Camara Argentina del Acero (CAA).

Local hot rolled finished steel output in March totaled 425,900 mt, 7.2 percent down, year-on-year, but 86.8 percent up on a month-on-month basis. Cold rolled flat steel output in March fell 8.3 percent, year-on-year, but increased 116.2 percent, month-on-month, to 96,800 mt, the highest rate thus far in the year.

As for a quarterly analysis, crude steel output in Q1 was 1.01 million mt, 17.6 percent down, year-on-year.

Following the same downtrend, local hot rolled finished steel production in Q1 decreased 23.8 percent, year-on-year, to 956,300 mt. Argentinian cold rolled flat steel production in Q1 fell 36.2 percent, year-on-year, to 220,900 mt.

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