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

Argentina’s crude steel production dropped by 52.2pc in May to 194,300mt from 406,800mt last year because of the pandemic.


Hot-rolled coil production declined by 55.5pc to 190,200mt, down from 427,000mt in May of 2019, the Argentine Chamber of Steel said on a statement.   


Cold-rolled coil output also decreased by 49.5pc to 54,300mt in May of this year from 107,400mt during the same month in 2019.


Iron ore production also went down by 67.6pc to 92,400mt in May from 284,900mt in May 2019.


Some industrial facilities resumed activities in May, which has helped normalize the supply of steel products to users and distributors.


Argentina’s steel industry has been affected by lower steel product consumption from the construction, automotive, white goods sectors, as well as machinery, gas, and oil industries.

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