Argentina’s crude steel production fell by 3.8pc to 330,800mt in February, from 343,800mt in the same month in the prior year, according to the Argentine Chamber of Steel. The chamber attributed the decline to maintenance-related suspension of operations at mills.
Higher demand from durable goods and automotive industries resulted in hot-rolled and cold-rolled coil output, climbing by 50.6pc and 14.6pc respectively. Hot-rolled coil tallied at 360,500mt in February, from 239,400mt produced in February 2020, while cold-rolled coil production rose to 122,800mt from 107,200mt in the same timeframe.
Iron ore output fell by 0.9pc to 245,600mt in February, as compared to 247,900mt produced in the same month in the prior year.
Argentina car production decreased by 16.5pc to 21,809 cars in February this year, from 26,133 units produced in February 2020, and exports declined by 16.9pc to 15,055 cars from 18,115 cars shipped in the same month the prior year, according to figures from the Argentine Association of Automotive Makers (Adefa).