Latin American steel association Alacero announced the figures for steel production in September and August and those for consumption in August and July of this year allow it to expect consumption to remain high in the coming months, with high levels of production and intra-regional trade. Alacero said “The picture is because of the growth in exports. For the third consecutive month, August saw an increase in the share of intra-regional transactions. In July, intraregional imports had reached 8.4% of total imports and in the eighth month of the year, they rose to 8.6%. The extra-regional exports, which in July represented 64,6%, increased in August, to 66.1% of the total sold abroad.”Alacero’s Director Mr Alejandro Wagner said “The trade deficit is likely to prove smaller and smaller, as cooperation between countries has been expanding further and the positive economic impact continues to be reflected in new high-quality jobs, which add to the over 1.2 million jobs, between direct and indirect, that our industry already generates in Latin America.”As for the raw and rolled steel production figures, while in August there were increases compared to July of 2.3% and 3.3%, respectively, September recorded a slight decrease, although maintaining high production levels and reaching an accumulated 21.2% more raw steel and 27.9% more rolled steel compared to the same month last year. Moreover, in August, regional consumption grew 1.6% compared to the previous month, while the accumulated figure for the first eight months of the year was 38.7%. In July, the accumulated had reached 39% compared to the same period in 2020. On the other hand, the fall in the deficit was 0.2% in August (in July the trade balance had shown a slight increase in the deficit of 0.4% compared to the previous month). The accumulated figure remains critical, and the deficit is 77.2% higher than in the first eight months of 2020.