Finished steel consumption up 3% in Latin America in July

Latin American countries consumed 3% more finished steel in July this year than in the corresponding month in 2011, regional steel association Alacero said.

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Consumption reached nearly 5.6 million tonnes in July, up from 5.4 million tonnes the previous year, Alacero said on Thursday 13 September.

Brazil and Mexico reported the highest consumption figures, at 2.08 million tonnes and 1.74 million tonnes, respectively.

Argentina came next, with 486,000 tonnes.

It was followed by Chile, Peru and Colombia, respectively with 331,000 tonnes, 309,000 tonnes, and 266,000 tonnes, according to Alacero’s figures.

Between January and July, consumption increased by 7% in the whole region, to around 38.5 million tonnes.

Mexico, Chile and Peru recorded the largest rises in this period, of 16%, 12% and 10%, respectively, Alacero added.