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Significant monthly increase in Argentina's steel production with yearly decreases

In April, Argentina's steel production saw a significant monthly increase, as reported by the national industry body Acero Argentino (AA). The total crude steel output climbed to 316,900 tons, marking a sharp rise from 241,400 tons in March.

Significant monthly increase in Argentina's steel production with yearly decreases

Furthermore, specific segments within the industry also exhibited strong growth over the previous month. Hot-rolled steel production surged by 39.3% reaching 171,500 tons, while cold-rolled steel production rose by 34.9% to 81,100 tons. Additionally, production of long products matched the increase rate of cold-rolled steel, growing by 34.9% to total 114,200 tons.

Despite these monthly gains, the annual comparison reveals a less positive trend. Crude steel production in April showed a decline of 26.3% compared to the same month last year. The outputs of hot-rolled steel decreased by 20.9%, cold-rolled steel by 28.6%, and long products by 38.3%.

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