Latin America steel market

The Latin American Steel Association says that for the first six months of 2018, steel consumption remained roughly the same as it was during the same period in 2017. However, crude steel and finished production grew 3% and 5% respectively while imports were down 10%. Steel consumption consisted of 35% imported steel and exports are 3% higher than they were during H1 2017.

Brazil was the biggest crude steel producer, accounting for 53%  of production (17,2 Mt) and this represents a 3% increase over the same period last year.

Regional finished steel production was up 5% on 2017 figures at 27,4 Mt and the main producers were Brazil (11,6 Mt) and Mexico (9,9 Mt) with 42& and 36% share respectively.

Where finished steel consumption is concerned , the Latin America region consumed 33.5Mt, roughly similar to 2017 (35,6Mt). The largest increases in consumption were seen in Brazil (up 9%), Argentina (up 15%) and Uruguay (up 4%).

The Latin American Steel Association reports that crude steel production in July 2018 reached 5.6Mt, up 4% on June and 5% higher than July last year. The volume recorded during the first seven months of 2018 was 3% higher than the January to July period in 2017 (37Mt).

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