Latin American steel association Alacero announced that the production of rolled steel in Latin America should reach 55.3 million tonnes in 2022. If this projection materializes, the result will represent a decrease of 1.1% compared to 2021. The estimated consumption of rolled steel in the region will be reduced in 9.5% if the forecast of 67.8 million tonnes is confirmed Alacero said “The steel industry played an important role in the regional recovery in 2022, in relation to per capita consumption of steel. However, even maintaining the pre-pandemic consumption level, Latin America will show a decrease of 10.2% compared to the previous year. This result, due to the 2021 of high demand for the re-composition of the markets and moderate population growth. Thus, our region should close this year with 105 kg/per capita, equal to the average for the 2018-2019 period. Despite the more intense decline in Latin America, it is observed that the region proved to be more resilient, consuming the same 46% of the global average obtained in that period per person.” Apparent consumption of steel in Latin America is expected to decrease by 9.5% in 2022. Unlike the previous year, in 2022 the expectation is a stronger attenuation than the global estimate, which should present a drop of 2.3%.Construction – 48.9%Automotive -16.8%Mechanical Machinery - 16.6%Metal Products - 12.2%Electrical Equipment -2.2%Other Transport - 2.1%Domestic Appliances - 1.2%
Latin American steel association Alacero announced that the production of rolled steel in Latin America should reach 55.3 million tonnes in 2022. If this projection materializes, the result will represent a decrease of 1.1% compared to 2021. The estimated consumption of rolled steel in the region will be reduced in 9.5% if the forecast of 67.8 million tonnes is confirmed Alacero said “The steel industry played an important role in the regional recovery in 2022, in relation to per capita consumption of steel. However, even maintaining the pre-pandemic consumption level, Latin America will show a decrease of 10.2% compared to the previous year. This result, due to the 2021 of high demand for the re-composition of the markets and moderate population growth. Thus, our region should close this year with 105 kg/per capita, equal to the average for the 2018-2019 period. Despite the more intense decline in Latin America, it is observed that the region proved to be more resilient, consuming the same 46% of the global average obtained in that period per person.” Apparent consumption of steel in Latin America is expected to decrease by 9.5% in 2022. Unlike the previous year, in 2022 the expectation is a stronger attenuation than the global estimate, which should present a drop of 2.3%.Construction – 48.9%Automotive -16.8%Mechanical Machinery - 16.6%Metal Products - 12.2%Electrical Equipment -2.2%Other Transport - 2.1%Domestic Appliances - 1.2%
