9,910.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.40 USD USD USD
36.45 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
81.28 USD Fossil Oil Fossil Oil
30.16 USD Silver Silver
4.29 USD Copper Copper
97.09 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,685.04 TRY Gold (gr) Gold (gr)
9,910.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.40 USD USD USD
36.45 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
81.28 USD Fossil Oil Fossil Oil
30.16 USD Silver Silver
4.29 USD Copper Copper
97.09 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,685.04 TRY Gold (gr) Gold (gr)
9,910.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.40 USD USD USD
36.45 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
81.28 USD Fossil Oil Fossil Oil
30.16 USD Silver Silver
4.29 USD Copper Copper
97.09 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,685.04 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.

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