Trade deficit of iron & steel widens further during Jan and Aug 2017 in Latin American
2017-11-03 17:50:13 [Print]
According to Alacero statistics, the output of crude steel was 42.4 million tons in Latin America and Caribbean area from January to August 2017, an increase of 8% YOY; Brazil is the largest crude steel producer in Latin America with production of 22.5 million tons, accounting for 53%; the output of steel structure recorded 35.1 million tons in Latin America from January to August 2017, an increase of 3%. In particular, Brazil produced 14.7 million tons of steel structure, accounting for 42% of the total; Mexico yielded 12.6 million tons of the material, making up 36%.
As for trade of iron and steel, Latin America imported 14.5 million tons of steel structure from January to August 2017, an increase of 14%, and exported 6.3 million tons of the material, an increase of 9%, seeing 8.2 million tons of trade deficit, an increase of 18%. In Latin America, only Brazil and Argentina maintained a favorable balance of trade in steel, while Mexico and Central American countries were in deficit.
As for trade of iron and steel, Latin America imported 14.5 million tons of steel structure from January to August 2017, an increase of 14%, and exported 6.3 million tons of the material, an increase of 9%, seeing 8.2 million tons of trade deficit, an increase of 18%. In Latin America, only Brazil and Argentina maintained a favorable balance of trade in steel, while Mexico and Central American countries were in deficit.
