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Latin America's steel production falls in 2024-緊固件展-2025第二十五屆廣州國際緊固件及設備展覽會-巨浪展覽-The 25th China(Guangzhou)Int'l Fastener & Equipment Exhibition
3/17/2025 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Latin American Steel Association, Alacero, has announced the region''s steel production data and consumptionand trade data for 2024.
Accordingly, in 2024, the region''s total crude steel production reached 56.2 milion mt, representing decrease of3.6 percent year on year, the third consecutive decline (-2.9 percent in 2022 and -7.4 in 2023). in 2024, rolledsteel production totaled 51.9 milion mt decreasing by 2.5 percent year on year, maintaining the downward trendof recent years (-2.4 percent in 2022 and -2.7 percent in 2023). Latin American long production decreased by 5percent while seamless pipe production dropped 8.8 percent. Flat production increased by 0.7 percent.
In 2024, total rolled steel consumption in the region amounted to 67.4 milion mt, decreasing by 1.0 percent yeaion year. This included decreases of more than 20 percent in Argentina, Bolivia, and Panama, which werepartially offset by increases in Brazil, Colombia, Paraguay, Uruguay, and Venezuela.
Looking at Latin America''s steel trade, the trade balance registered a deficit of 19.5 milion mt between januaryand November of 2024, which represents an increase of 4.3 percent from 2023. This deficit was caused by a10.5 percent drop in exports, while imports remained stable, showing a growing share of purchases from China.
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