Argentina’s steel association Acero Argentino has announced that crude steel production increased by 4.5% YoY to 5.093 million tonnes. Acero Argentino said “Driven by demand from sectors such as construction, the automotive industry, energy and agricultural machinery, the production of crude steel had an increase of 4.5% compared to 2021. In the construction sector, the year ended with an increase compared to 2021. Following cement shipments, there was an increase of 7% compared to the previous year. In the automotive sector, the year also ended with a 23.5% increase in production compared to 2021. Manufacturers of agricultural machinery and implements continue to meet commitments made until the first quarter of 2023, but there is great uncertainty about the evolution of new operations due to the drought that is affecting future harvest prospects. In the mass consumption market, shipments to household appliance manufacturers begin to show signs of slowing down and those of cans and aerosol containers remain at the same level, without increases or falls. The association warned that difficulties remain for the import of semi finished products required by the steel production chain, although the problems for the import of raw materials, derived from the shortage of foreign currencies, were solved in most of the cases.
Argentina’s steel association Acero Argentino has announced that crude steel production increased by 4.5% YoY to 5.093 million tonnes. Acero Argentino said “Driven by demand from sectors such as construction, the automotive industry, energy and agricultural machinery, the production of crude steel had an increase of 4.5% compared to 2021. In the construction sector, the year ended with an increase compared to 2021. Following cement shipments, there was an increase of 7% compared to the previous year. In the automotive sector, the year also ended with a 23.5% increase in production compared to 2021. Manufacturers of agricultural machinery and implements continue to meet commitments made until the first quarter of 2023, but there is great uncertainty about the evolution of new operations due to the drought that is affecting future harvest prospects. In the mass consumption market, shipments to household appliance manufacturers begin to show signs of slowing down and those of cans and aerosol containers remain at the same level, without increases or falls. The association warned that difficulties remain for the import of semi finished products required by the steel production chain, although the problems for the import of raw materials, derived from the shortage of foreign currencies, were solved in most of the cases.
