According to the Latin American steel association, Alacero, finished steel production across Latin America dropped 1% in Jan/May 2013 compared to the same period last year.

Brazil was the most important producer with a 46% share of regional production, followed by Mexico with a 28% share. However, Colombia´s and Chile´s output fell 32% and 19% respectively, year on year.

As for crude steel production, Latin America produced 27.3Mt during Jan/May 2013, a 2% drop y-o-y. Again, Brazil continues to be the largest producer of the region, with 14.1Mt, even though its production decreased 3% as compared to last year.

During the first 4 months of 2013, all Latin American countries, except Argentina and Brazil, presented trade deficits, led by Mexico with an imbalance of -1.1Mt. Other countries that showed significant deficits were: Colombia (590kt), Peru (497kt) and Chile (470kt).