Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Argentina’s metals, manufacturing, and automotive exports declined on an annual basis in April because the COVID-19 pandemic slashed sales volumes.


Automotive product shipments plummeted by 90.5pc to $57mn last month compared April 2019, and exports of metals and manufacturing products fell by 49.5pc to $102mn, according to the latest data from the local statistics agency (Indec). 


Mineral product shipments decreased by 37.8pc to $201mn in April from a year earlier, while exports of products made with iron or steel dropped by 59.2pc to $20mn. Aluminum product shipments declined by 54.5pc to $55mn during the comparable period.


Between January and April, shipments of automotive products fell by 38.6pc to $1.2bn on an annual basis, and metals and manufacturing shipments dropped by 24.2pc to $451mn, Indec said.


Argentina’s automotive production plunged in April 2020 by 100pc to zero cars due to the impact of the COVID-19 pandemic, according to figures from the Argentine Association of Automotive Makers.


Argentina’s crude steel production dropped by 74.5pc to 107,000mt last month compared to April 2019, according to the latest figures from the World Steel Association.




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