Latin American Industry Facing Challenge of Low Consumption

  • Friday, July 17, 2020
  • Source:ferro-alloys.com

  • Keywords:Latin American Industry Low Consumption
[Fellow]Latin American steel association Alacero said that Latin America is facing the worst crisis in its modern history and is in a moment of transition.
[Ferro-Alloys.comLatin American steel association Alacero said that Latin America is facing the worst crisis in its modern history and is in a moment of transition, showing signs of economic reactivation, but at the same time of difficulty in controlling the pandemic. The impact of the Covid-19 crisis is strongly felt in steel consumption, which decreased 30% in April compared to the same month last year and 11% year to date. The biggest drop occurred in Argentina, of 83% compared to April 2019. However, one of the indicators of the recovery is the production of raw steel in May, which, although it registered a reduction of 29% in comparison with May of last year, rose 8% in comparison with April of this year, basically thanks to Brazil.
 
Source: CHINA DAILY

 

  • [Editor:kangmingfei]

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