Crude steel production in Latin American reached 44.6Mt during January – August 2012, 3% less than the cumulated volume in the same period 2011. In contrast, apparent steel use in Latin America and the Caribbean was 38.5Mt in the period January-July 2012, 7% more than in the same period 2011.
In August 2012, output of crude steel was 5.8Mt, 1% less than in the same month 2011.
Brazil was the largest producer at 3.1Mt, increasing output 4% in comparison to August 2011 when it produced 3Mt. It was followed by Mexico at 1.6Mt of crude steel in August 2012.
Argentina saw a drop of 26% in crude steel production compared to August 2011.
Regarding finished steel trade, during January-July 2012, the regional deficit rose to -7.2Mt, compared with a deficit in the first half 2011 of -4.5Mt.
During this period of 2012, all Latin American and Caribbean countries – except Argentina had a trade deficit in finished steel, with Mexico presenting the greatest deficit of -2.6Mt. Likewise, among other countries which also presented significant deficits, were Colombia with -910kt and Peru with -898kt.
Production of finished steel reached 34Mt during January-August 2012, of which Brazil contributed 47% at 17.9Mt. Mexico was the second largest producer at 10.7Mt representing 28% of regional output, followed by Argentina at 3.5Mt (10.3%).
In August 2012 finished steel production reached 5.1Mt in Latin America, 5% more than in the same month of 2011. With 2.4Mt and 1.4Mt respectively, Brazil and Mexico were the countries which stimulated this growth.
Apparent steel use in the region reached 38.5Mt in January-July, compared to finished steel production of 33.1Mt in this period.
In the period January-July 2012 regional consumption grew 7% compared to the same period of 2011, driven mainly by Mexico (+16%), Chile (+12%) and Peru (+10%).
In July 2012, apparent steel use in the region was 5.6Mt, 3% higher than consumption of the same month 2011 which was 5.4Mt.