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Latin American crude steel output down by 2pct YoY in H1 2012

Steel News - Published on Wed, 25 Jul 2012

The Latin American crude steel production reached a volume of 33.7 million tons during January to June 2012 period, down by 2% YoY.

In June 2012, the produced volume of crude steel reached 5.6 million tonnes, slightly less than in the same month of 2011, representing a decline of 3% YoY.

With 2.7 million tonnes, Brazil has been the country with the highest crude steel production in June 2012, even if it represented an 8% YoY lower volume than in June 2011 when it had produced 3 million tonnes. It is followed by Mexico with 1.6 million tons of crude steel in June 2012.

Argentina presented a drop of 7% YoY in its crude steel production compared to June 2011.

Regarding finished steel trade, during January to May 2012 period, the regional deficit rose to 5.2 million tonnes, while the imbalance in the same period of 2011 had been 2.8 million tonnes.

During this period of 2012, all Latin American and Caribbean countries had a finished steel trade deficit, with Mexico presenting the greatest deficit of 1.8 million tonnes. Likewise, Colombia with 595,507 tonnes and Peru with 587.783 tonnes were among those countries which presented significant deficits.

The production of finished steel reached a volume of 28.7 million tons during January to June 2012, of which Brazil represented 46% of the volume with 13.2 million tonnes. Mexico has been the second largest producer of the region with 8.1 million tonnes representing 28% of the region.

In June 2012, the production reached 4.9 million tonnes, 6% YoY more than in the same month of 2011. With 2.2 million tonnes and 1.5 million tonnes respectively, Brazil and Mexico have been the countries which stimulated this growth. Argentina experienced a slight decline of 3% YoY as compared to the same month of 2011.

The apparent steel use in the region reached a volume of 28.6 million tons in January to May 2012 period as compared to a finished steel production of only 23.8 million tonnes.

In the period of January to May 2012 period, the regional consumption grew 13% compared to the same period of 2011, driven mainly by Mexico (+16%), Colombia (+11%) and Brazil (+10%).

In the month of May 2012, the apparent steel use was 5.8 million tonnes, higher than the production of finished steel that was 5 million tonnes.

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Posted By : admin on Wed, 25 Jul 2012
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