Latin America's crude steel output rises in H1 2026, but imported steel still covers over 40% of regional market
2026-09-21 10:28:32 [Print]
Latin America's crude steel production increased 2.1% year-on-year in the first half of 2026, reaching 28.5 million tons, according to the latest data from the Latin American Steel Association (ALACERO).
Despite this moderate recovery in output, the region's trade balance remains weak, posting a deficit of 12.3 million tons between January and June. Although steel imports declined 1.0% during the period, they still satisfy more than 40% of the region's apparent steel consumption.
This persistently high level of foreign market penetration continues to pose a threat to the viability of local steelmakers and the sustainability of industrial jobs.
In response, ALACERO Executive Director Ezequiel Tavernelli stressed that the trade defense measures being adopted by countries across the region are essential tools for restoring fair competitive conditions and enabling the Latin American steel industry to keep driving development and quality employment throughout the region.
Despite this moderate recovery in output, the region's trade balance remains weak, posting a deficit of 12.3 million tons between January and June. Although steel imports declined 1.0% during the period, they still satisfy more than 40% of the region's apparent steel consumption.
This persistently high level of foreign market penetration continues to pose a threat to the viability of local steelmakers and the sustainability of industrial jobs.
In response, ALACERO Executive Director Ezequiel Tavernelli stressed that the trade defense measures being adopted by countries across the region are essential tools for restoring fair competitive conditions and enabling the Latin American steel industry to keep driving development and quality employment throughout the region.
