Argentina steel sees double-digit growth in March

By
Monday, April 17, 2017

Argentina's crude steel output grew 23.5% year-on-year in March to 392,300t, according to data from local steel chamber CAA.

Sequentially, production grew 28.6% from 305,100t in February. Production for the first three months was up 0.3% to 988,700t.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

CAA said in a statement the local industry has started to show signs of economic recovery. It reported that steelmakers have seen a steady dispatch of machine products for the agro-industrial sector, which has experienced sustained growth since 2016 and is expected to continue expanding this year.

The construction sector has also seen an increase in demand, on the back of public infrastructure projects, as well as increased private sector participation. The local car manufacturing industry, CAA added, performed well in March.

Steel exports increased year-on-year in the January-March period, CAA said.

[GRAFICO:FIGURA:ID_872]

Argentina's output of pig and sponge iron in March was 348,300t, up 30.2% year-on-year and 58.4% higher month-on-month.

[GRAFICO:FIGURA:ID_1996]

Hot-rolled flat and long steel production totaled 397,000t last month, up 6.3% year-on-year and up 33.3% from February.

[GRAFICO:FIGURA:ID_1063]

Cold-rolled flat steel output totaled 104,000t in March, down 17.0% year-on-year but up 16.3% sequentially.

[GRAFICO:FIGURA:ID_1019]

Argentina produced 4.13Mt of steel in 2016.