By 2022 a slight drop of 2.1% in consumption steel in Latin America, after a strong increase of 26.6% in 2021, according to the executive director of the Latin American Steel Association, Alexander Wagner.
However, the consumption growth expected by 2022 It is a good level compared to the pre-pandemic years (2017-19 the average 66.1 Mt/year), adds Alejandro.
In 2021, crude steel production increased 15.7% compared to the previous year, reaching a total of 64.8 Mt, while the rolled steel production had an increase of 19.5% (55.7 Mt).
The year ended with a total regional consumption of 74.8 Mt, an increase of 26.6% compared to the previous year (59.1 Mt) and 15.4% compared to 2019 (64.8 Mt).
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Exports
The exports reached 9.0 Mt, 19.9% more than in 2020 (7.5 Mt). Cumulative imports already totaled 28.8 Mt, 46.7% higher than the same period in 2020 (19.6 Mt).
“Last year’s numbers show once again the strong resilience of our sector, driven by the construction, agricultural and automotive sectors,” he says. Alexander WagnerCEO of Alacero.
In February 2022, crude steel production decreased by 6.8% from the previous month, reaching 4.8 Mt.
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In the Dominican market, most of the raw material used to finish steel products was imported from the Ukraine.
Due to the armed conflict, the country had to look for new sources of producers to guarantee supply. Between January and February, 10.0 Mt were accumulated, 2.2% less than the same period in 2021.
In 2021 the Crude steel production increased by 15.7% compared to the previous year, reaching a total of 64.8 Mt.
