In January this year, China’s overall finished steel exports amounted to 9.5 million mt, down five percent, with 609,000 metric tons of this volume arriving in Latin America, down 48 percent, both on year-on-year basis, according to Alacero, the Latin American steel association. Accordingly, in the given month Latin America’s share in China’s finished steel exports decreased from 11.6 percent to 6.4 percent year on year.
In January, China's main finished steel export destinations in Latin America were Chile which received 122,000 mt, equal to a 20 percent share of China's total finished steel exports to Latin America, Central America with 96,000 mt equal to a 16 percent share, and Colombia with 80,000 mt amounting to a 13 percent share.