Argentina’s crude steel output increased by 9.3pc to 390,800mt in November, from 357,500mt produced in the same month last year, due to higher demand from the construction, automotive, and durable goods industries.
Hot-rolled coil production rose by 16.8pc to 392,000mt last month, from 335,500mt in November 2019, the Argentine Chamber of Steel said in a statement.
Cold-rolled coil production also rose by 36.8pc to 136,400mt in November from 99,800mt produced in the same prior-year period.
Iron ore output, on the other hand, fell by 16.1pc to 224,900mt in November from 268,000mt produced in the same month last year.
Argentina’s car industry’s output increased by 20.2pc in November to 32,570 cars, from 27,099 vehicles produced in the same month the prior year, according to figures from the Argentine Association of Automotive Makers (Adefa).