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Latin America steel consumption keeps pace of 2017 during the first half of 2018-The 20th China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
9/4/2018 壓鑄展-鑄造展- Die-casting expo-foundry expo |
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Latin American steel association Alacero announced that during the first semester of the year, the steel consumption remained similar to the first half of 2017, meanwhile the steel crude and finished production grew 3% and 5%, respectively compared to the same months of 2017. During January-June 2018, the region decreased its imports by 10%, although the consumption is supplied by 35% of these imports. Exports are 3% higher than the first semester of 2017. For its part, regional trade balance remain negative, even though it diminished 18%.
Crude steel - The region produced 32.6 million tons (Mt) of crude steel during Jan-June 2018, 3% higher than the volume recorded in the same period of 2017 (31.6 Mt). Brazil it is still the main producer in the region with 53% of the regional production (17.2 Mt), increasing 3% versus Jan-Jun 2017.
Finished steel- Finished steel production reached 27.4 Mt, 5% higher than registered in Jan-Jun 2017. The main producers were Brazil with 11.6 Mt (accounting for 42% of the Latin American output) and Mexico with 9.9 Mt (with 36% share of regional output). In the first semester of the year, the region reached 33.5 Mt of finished steel consumption, similar to Jan-Jun 2017 (33.6 Mt). Largest increases in consumption, in absolute and percentage terms, were recorded in Brazil (additional 847 thousand, an increase of 9%), Argentina (353 thousand additional tons, up 15%), and Uruguay (103 thousand additional tons, up 4%). Conversely, in the same period Venezuela, Peru and Honduras recorded declines of 63%, 21% and 7%, respectively. From Latin-American`s total steel consumption, 57% corresponds to flat products (19.3 Mt), 42% (14.0 Mt) to long products and 1% to seamless tubes (461 thousand tons).
Imports - In the first half of the year, Latin America imported 11.7 Mt of finished steel, 10% less than imported during the same period of 2017 (13.0 Mt). Of this total, 71% corresponds to flat products (8.3 Mt), 27% to long products (3.2 Mt) and 3% to seamless tubes (298 thousand tons). Currently, imports represent 35% of the regional finished steel consumption, which brings about disincentives to the local industry, trade frictions, and threatens jobs.
Exports - Latin American exports of finished steel reached 5.2 Mt, 3% more than Jan-Jun 2017 (5.0 Mt). Out of this total, 44% are flat products (2.3 Mt), 43% long products (2.2 Mt) and 13% seamless tubes (667 thousand tons).
Trade deficit - In Jan-Jun 2018, the region recorded a finished steel trade deficit of 6.6 Mt. This imbalance is 18% lower than the one observed in Jan-Jun 2017 (-8.0 Mt). Brazil was the only country to maintain a trade surplus of finished steel (1,3 Mt). Contrary, the largest deficit was recorded in Mexico (-3.0 Mt), followed by Colombia (-1.2 Mt), Chile (-822 thousand tons), Peru (-685 thousand tons) and Ecuador (-575 thousand tons).
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