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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 Copyright1 Mt, down 14% vs 2015.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 Copyright .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%). 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 53.7 million tons (Mt) of crude steel in 2016, 10% below the volume recorded in 2015.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 Copyright Brazil is the main producer in the region with 53% of the regional production (30.Asian Metal Copyright7 million tons Mt of crude steel in 2016, 10% below the volume recorded in 2015.Asian Metal Copyright2 Mt), but shows an annual contraction of 9%.

Finished steel Production:
In the same period, Latin America produced 50.6 Mt of finished steel, 5% less than 2015.Asian Metal Copyright1 Mt, down 14% vs 2015.Asian Metal Copyright Brazil was the main producer (20.Asian Metal Copyright6 Mt and 10% to seamless tubes 884 thousand tons.Asian Metal Copyright9 Mt), accounting for 41% of the Latin American output.Asian Metal Copyright Trade deficit: In 2016, the region recorded a trade deficit of 11.Asian Metal Copyright Mexico came second with 18.Asian Metal Copyright7 million tons Mt of crude steel in 2016, 10% below the volume recorded in 2015.Asian Metal Copyright7 Mt (37% share of regional output).

Finished steel consumption
During 2016, finished steel consumption in the region reached 61.9 Mt, down 8% vs 2015.Asian Metal Copyright3 Mt, Peru -1.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 3.1 Mt, down 14% vs 2015.Asian Metal Copyright7 Mt.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 (32.7 Mt), 45% for long products (27.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 Copyright8 Mt) and 1% to seamless tubes (732 thousand tons).

Imports:
In 2016, Latin America imported 19.8 Mt of finished steel, down 14% vs 2015 (23.Asian Metal CopyrightBEIJING Asian Metal 27 Feb 17 - The Latin American steel industry witnessed a decline in the production, consumption and trade in 2016.Asian Metal Copyright1 Mt).Asian Metal Copyright Brazil was the main producer 20.Asian Metal Copyright Of this total, 65% corresponds to flat products (12.Asian Metal Copyright9 Mt, down 8% vs 2015.Asian Metal Copyright9 Mt), 33% for long products (6.Asian Metal Copyright This imbalance is 23% lower than the one observed in 2015 14.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 8.7 Mt, same level that 2015 (8.Asian Metal Copyright3 Mt.Asian Metal Copyright7 Mt).Asian Metal Copyright7 Mt.Asian Metal Copyright Of this total, 49% are flat products (4.Asian Metal Copyright3 Mt, Peru -1.Asian Metal Copyright3 Mt), 41% for long products (3.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 Copyright6 Mt) and 10% to seamless tubes (884 thousand tons).

Trade deficit:
In 2016, the region recorded a trade deficit of 11.1 Mt of finished steel.Asian Metal Copyright9 Mt, down 8% vs 2015.Asian Metal Copyright This imbalance is 23% lower than the one observed in 2015 (14.Asian Metal Copyright Exports: Latin American exports of finished steel reached 8.Asian Metal Copyright4 Mt).

In the same months, Brazil was the only country to maintain a trade surplus of finished steel, 3.3 Mt.Asian Metal Copyright On the other hand, 2017 should be a year of recovery.Asian Metal Copyright The largest deficit was recorded in Mexico (-4.Asian Metal Copyright Brazil is the main producer in the region with 53% of the regional production 30.Asian Metal Copyright7 Mt), followed by Colombia (-2.Asian Metal Copyright This imbalance is 23% lower than the one observed in 2015 14.Asian Metal Copyright3 Mt), Peru (-1.Asian Metal Copyright While Argentina, Chile, Colombia and Ecuador recorded declines of 20%, 8%, 5% and 9% respectively.Asian Metal Copyright5 Mt) and Chile (-1.Asian Metal Copyright7 Mt, followed by Colombia -2.Asian Metal Copyright5 Mt).

.Asian Metal Copyright From Latin-American`s total steel consumption, 53% corresponds to flat products 32.Asian Metal Copyright