Crude steel production in Latin America fell 15% y-o-y this Jul, under Chinese threat
According to the Latin American Steel Association (ALACERO), crude steel production in Latin America fell 15% year-on-year in this July, while it fell 5.4% compared to the previous month. The production of rolled steel in July decreased by 2.5% compared to the previous month, also a drop of 2.5% compared to July 2018.
Experts and executives of the main steel producers in Latin America would meet the ALACERO congress in Buenos Aires this November, to discuss the challenges and opportunities under this scenario. One of the main topics of the congress would be the steel trade deficit between the region and China, which reached more than US$30,000 million in 2018, according to data from ALACERO, which was part of the great challenges to maintain the productive and contributing industry to regional development.