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Latin America: Finished steel production reaches 41,0 Mt between January-September 2018

Between January-September 2018, crude steel production in Latin America registered a volume of 49.3 million tons (Mt), 3% higher than that registered in the same period of 2017 (47.8 Mt). Brazil is the main producer with 53% of the regional total (26.1 Mt), increasing 2% versus January-September 2017.

In September 2018, the produced volume of crude steel registered 5.6 Mt, 3% higher than the same month of 2017 and 4% lower than August 2018.

For its part, the finished steel production was 41.0 Mt, 4% more than in January-September 2017. The main producers are Brazil with 17.5 Mt (43% of the Latin American total) and Mexico with 14.7 Mt (36%).

Of the Latin American total production between January-September 2018, 48% corresponds to flat products (19.7 Mt), 49% to long products (19.9 Mt) and 3% to seamless tubes (1.3 Mt).

In September 2018, the finished steel production closed at 4.6 Mt, 5% higher than September 2017 and 5% more than August 2018.

Consumption of laminated steel

Between January and August 2018, the consumption of finished steel registered 45.1 Mt, the same result as in January-August 2017 (45.1 Mt). The main countries that increased their consumption, both in absolute terms and in percentage terms, were Brazil (1.2 Mt additional and growing 9%), Argentina (247 thousand additional tons and 8%) and Uruguay (143 thousand tons and 12%).

Contrary, in the same period Mexico, Peru and Venezuela registered drops of 5%, 20% and 62% respectively.

Of the Latin American total, 57% corresponds to flat products (25.5 Mt), 42% to long products (18.9 Mt) and 1% to seamless tubes (629 thousand tons).
Source: Alacero

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