Production of finished steel grows 2% in Latin America and the Caribbean

Reflecting the global and regional improvement in the economic conditions, the steel market in Latin America and the Caribbean presented, in 2018, an increase in regional production of finished and crude steel, which corresponds to a 2% and 1% growth respectively, versus the same period of 2017.

In addition, imports showed a decrease of 7.8%, with an effect on the regional consumption, which is supplied by 35% by such imports. Exports decreased 5% in 2018 regarding the same period in 2017. On the other hand, the trade balance remains negative, decreasing its deficit by 9% versus Jan-Nov 2017.

“Steel production is growing in Latin America although consumption is stable. Currently, imports of laminates represent a significant part of the region’s…

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