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Argentine steel output in September up as construction push-The 19th China(Guangzhou)Int’l Metal &Metallurgy Exhibi
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Bnamericas reported that Argentina''s crude steel output rose 28.2% year on year in September to 413,000 tonne. According to local steel chamber CAA, production was 1.0% lower from the 417,400 tonne reported in August. Output in the first nine months of the year increased 8.9% to 3.35 million tonne.
CAA said in a statement that the increase in production was driven by higher demand from the construction sector, which is likely to increase on the back of higher mortgage loans in the country.
In addition, the agro industrial sector continues to show strong growth, followed by higher demand from the oil and gas industry. The increase is in line with the economic recovery the steel sector has been experiencing since last year, driven by higher demand for construction, as well as the agricultural machinery segment.
Argentina''s combined output of pig and sponge iron in September reached 275,300 tonne, up 45.6% year on year and 53.3% higher month-on-month. January to September production rose 13.3% to 2.39 million tonne compared to the same period last year.
Hot rolled flat and long steel production totaled 426,800 tonne last month, up 20.6% year on year and 1.2% from August. Output for the first nine months was 17.9% higher at 3.48 million tonne.
Cold-rolled flat steel output totaled 125,500 tonne in September, up 18.1% year-on-year and 2.6% higher sequentially, while January-September production was down 0.9% to 1.01million tonne..
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