9,523.31 TRY BIST 100 BIST 100
37.92 USD USD USD
5.25 CNY CNY CNY
40.95 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.36 TRY Interest Interest
73.01 USD Fossil Oil Fossil Oil
33.28 USD Silver Silver
4.89 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,819.33 TRY Gold (gr) Gold (gr)

Latin American steel production and consumption decreased in 2022

The Latin American Steel Association (ALACERO) has stated that 2021 is a year of optimism for the Latin American steel industry due to the recovery of the markets after the COVID-19 crisis, which caused low demand.

Latin American steel production and consumption decreased in 2022

According to the International Monetary Fund (IMF), GDP growth in the Latin American and Caribbean region was 3.5% in 2022, after an increase of 6.9% in 2021. However, the region's steel production registered a slight decrease of 2.8% by 2022, and the apparent steel consumption showed a decrease of 9.5%.

The Latin American Steel Association (ALACERO) has stated that 2021 is a year of optimism for the Latin American steel industry due to the recovery of the markets after the COVID-19 crisis, which caused low demand.

Although it started with good prospects for a recovery in 2022, the war between Russia and Ukraine brought political, trade and structural uncertainties that slowed this recovery, and the momentum of supply chains that eventually affected production and steel consumption in Latin America.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Tax on scrap exports from Ukraine to Türkiye to remain in place

Thursday, April 3, 2025

OQGN partners with Hidrom to develop Oman's green hydrogen economy

Thursday, April 3, 2025

Steel billionaire Lakshmi Mittal announces relocation to the United Arab Emirates

Thursday, April 3, 2025

MKE to invest TRY 2 billion in defense industry

Thursday, April 3, 2025

Kardemir is 88 years old: A milestone in Türkiye's industrialization journey

Thursday, April 3, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now