Argentina’s car production down 22% in April

Car production in Argentina fell by 21.6% year-on-year in April, according to the country’s automotive association, Adefa.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The sector produced 59,165 units last month, compared with 75,496 vehicles in April 2013.

However, production was up.5% compared with March 2014.

Vehicle sales to the domestic market reached 51,346 units in April, down 40% compared with the 85,533 vehicles sold in the corresponding month in 2013.

Compared with March 2014, domestic car sales increased by 3.2%.

The sector’s exports came to 32,579 vehicles, down by 21.6% year-on-year, but up by 12.5% month-on-month.

Argentina’s automotive industry is seeing lower demand in both local and export markets, according to Adefa.

“In the first four months of the year, the automotive sector saw a contraction in its main variables,” it said.

From January to April, auto production in Argentina came to 206,581 units, a 17.9% decline compared with the same period in 2013.

And domestic sales were down by 29.8% in the same comparison, to 202,652 units, while exports fell by 18.6%, to 106,827 units.

Steel components make up about 55.7% of a vehicle’s weight and represent around 7.9% of its sales value.

What to read next
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.