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Latin America: Annual finished steel production and consumption drop 5% and 8% during 2016

2017-02-27 17:52:20  【Print】
BEIJING (Asian Metal) 27 Feb 17 - The Latin American steel industry witnessed a decline in the production, consumption and trade in 2016.Asian Metal Copyright This imbalance is 23% lower than the one observed in 2015 14.Asian Metal Copyright During the year, the finished steel consumption decreased 8% and the production of crude and finished steel fell 10% and 5% YOY respectively, vs 2015.Asian Metal Copyright9 Mt, accounting for 41% of the Latin American output.Asian Metal Copyright On the other hand, 2017 should be a year of recovery.

Meanwhile, regional steel imports represents 32% of Latin-American consumption, 2 points lower than in 2015 (34%).Asian Metal Copyright8 Mt of finished steel, down 14% vs 2015 23.Asian Metal Copyright The trade balance of the region remains negative, despite that in 2016 the deficit in tons decreased 23% versus 2015.

Crude Steel Production:
Latin America and the Caribbean produced 53.Asian Metal Copyright7 million tons Mt of crude steel in 2016, 10% below the volume recorded in 2015.Asian Metal Copyright7 million tons (Mt) of crude steel in 2016, 10% below the volume recorded in 2015.Asian Metal Copyright6 Mt of finished steel, 5% less than 2015.Asian Metal Copyright Brazil is the main producer in the region with 53% of the regional production (30.Asian Metal Copyright Finished steel consumption During 2016, finished steel consumption in the region reached 61.Asian Metal Copyright2 Mt), but shows an annual contraction of 9%.

Finished steel Production:
In the same period, Latin America produced 50.Asian Metal Copyright Largest increases in consumption were record in Mexico additional 649 thousand tons, an increase of 3%, Peru 196 thousand additional tons, up 7% and Bolivia 45 thousand additional tons, up 8%.Asian Metal Copyright6 Mt of finished steel, 5% less than 2015.Asian Metal Copyright6 Mt of finished steel, 5% less than 2015.Asian Metal Copyright Brazil was the main producer (20.Asian Metal Copyright5 Mt.Asian Metal Copyright9 Mt), accounting for 41% of the Latin American output.Asian Metal Copyright4 Mt.Asian Metal Copyright Mexico came second with 18.Asian Metal Copyright4 Mt.Asian Metal Copyright7 Mt (37% share of regional output).

Finished steel consumption
During 2016, finished steel consumption in the region reached 61.Asian Metal Copyright7 million tons Mt of crude steel in 2016, 10% below the volume recorded in 2015.Asian Metal Copyright9 Mt, down 8% vs 2015.Asian Metal Copyright Mexico came second with 18.Asian Metal Copyright Largest increases in consumption were record in Mexico (additional 649 thousand tons, an increase of 3%), Peru (196 thousand additional tons, up 7%) and Bolivia (45 thousand additional tons, up 8%).

Conversely, in Brazil finished steel consumption shrank by 3.Asian Metal Copyright Of this total, 49% are flat products 4.Asian Metal Copyright1 Mt, down 14% vs 2015.Asian Metal Copyright6 Mt and 10% to seamless tubes 884 thousand tons.Asian Metal Copyright While Argentina, Chile, Colombia and Ecuador recorded declines of 20%, 8%, 5% and 9% respectively.

From Latin-American`s total steel consumption, 53% corresponds to flat products (32.Asian Metal Copyright In the same months, Brazil was the only country to maintain a trade surplus of finished steel, 3.Asian Metal Copyright7 Mt), 45% for long products (27.Asian Metal Copyright7 million tons Mt of crude steel in 2016, 10% below the volume recorded in 2015.Asian Metal Copyright8 Mt) and 1% to seamless tubes (732 thousand tons).

Imports:
In 2016, Latin America imported 19.Asian Metal Copyright3 Mt.Asian Metal Copyright8 Mt of finished steel, down 14% vs 2015 (23.Asian Metal Copyright7 Mt, 45% for long products 27.Asian Metal Copyright1 Mt).Asian Metal Copyright7 Mt, 45% for long products 27.Asian Metal Copyright Of this total, 65% corresponds to flat products (12.Asian Metal Copyright7 million tons Mt of crude steel in 2016, 10% below the volume recorded in 2015.Asian Metal Copyright9 Mt), 33% for long products (6.Asian Metal Copyright3 Mt.Asian Metal Copyright5 Mt) and 2% to seamless tubes (446 thousand tons).

Currently, imports represent 32% of the regional finished steel consumption, which brings about disincentives to the local industry, trade frictions, and threatens jobs.

Exports:
Latin American exports of finished steel reached 8.Asian Metal Copyright Largest increases in consumption were record in Mexico additional 649 thousand tons, an increase of 3%, Peru 196 thousand additional tons, up 7% and Bolivia 45 thousand additional tons, up 8%.Asian Metal Copyright7 Mt, same level that 2015 (8.Asian Metal Copyright Trade deficit: In 2016, the region recorded a trade deficit of 11.Asian Metal Copyright7 Mt).Asian Metal Copyright Conversely, in Brazil finished steel consumption shrank by 3.Asian Metal Copyright Of this total, 49% are flat products (4.Asian Metal Copyright7 million tons Mt of crude steel in 2016, 10% below the volume recorded in 2015.Asian Metal Copyright3 Mt), 41% for long products (3.Asian Metal Copyright7 Mt, followed by Colombia -2.Asian Metal Copyright6 Mt) and 10% to seamless tubes (884 thousand tons).

Trade deficit:
In 2016, the region recorded a trade deficit of 11.Asian Metal Copyright7 Mt.Asian Metal Copyright1 Mt of finished steel.Asian Metal Copyright In the same months, Brazil was the only country to maintain a trade surplus of finished steel, 3.Asian Metal Copyright This imbalance is 23% lower than the one observed in 2015 (14.Asian Metal Copyright Currently, imports represent 32% of the regional finished steel consumption, which brings about disincentives to the local industry, trade frictions, and threatens jobs.Asian Metal Copyright4 Mt).

In the same months, Brazil was the only country to maintain a trade surplus of finished steel, 3.Asian Metal Copyright Crude Steel Production: Latin America and the Caribbean produced 53.Asian Metal Copyright3 Mt.Asian Metal Copyright8 Mt and 1% to seamless tubes 732 thousand tons.Asian Metal Copyright The largest deficit was recorded in Mexico (-4.Asian Metal Copyright1 Mt, down 14% vs 2015.Asian Metal Copyright7 Mt), followed by Colombia (-2.Asian Metal Copyright .Asian Metal Copyright3 Mt), Peru (-1.Asian Metal Copyright5 Mt and 2% to seamless tubes 446 thousand tons.Asian Metal Copyright5 Mt) and Chile (-1.Asian Metal Copyright This imbalance is 23% lower than the one observed in 2015 14.Asian Metal Copyright5 Mt).

.Asian Metal Copyright While Argentina, Chile, Colombia and Ecuador recorded declines of 20%, 8%, 5% and 9% respectively.Asian Metal Copyright
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