Latin American crude steel production declined by 9pc to 4.45mn mt in July compared with the same month in 2019.
However, compared with June 2020, crude steel output increased by 20pc in July, the Latin American Steel Association (Alacero) said in a statement on September 14, without disclosing the volumes produced in the region.
The association indicated that Brazil, Mexico, and Argentina together increased their crude steel output by 700,000mt in July compared with the previous month. Alacero did not disclose the volumes produced by each country in July.
Long and flat steel production in the region increased by 17pc and 3pc, respectively, in July compared with July 2019. On the other hand, seamless pipe production fell by 69pc during the same period under comparison, due to lower demand from the energy industry, which is facing a crisis in the region, Alacero noted.
According to Alacero, Latin American steel consumption dropped by 16pc to 4.36mn mt in July, from 5.18mn mt in the same month last year.