Steel production up 28.2% in September

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Crude steel production reached 413,000 tonnes in September and grew 28.2% year-on-year, according to the Argentine Chamber of Steel (CAA).

The company noted that in September “both crude steel production and rolled products continued to show a good level of activity, driven by the reactivation in different customer sectors.”

The company explained that the growth was due to the increase in shipments destined to the construction sector, which consolidated itself as the segment with the greatest sign of robustness, mainly in the public works sector.

He projected that next year “the increase in mortgage loans will boost private work next year” and reported that the dispatches directed to producers of agricultural machinery “maintain a steady growth, showing a good level of activity in the production and sales of harvesters, tractors, seeders and agricultural implements. ”

“In addition, the activity linked to developments in energy areas such as Vaca Muerta and trunk gas pipelines in Córdoba is continuing sustained, driving the growth of demand for steel tubes,” he added.

According to the report crude steel production in September was 413,000 tonnes and grew 1% over August and 28.2% higher than in September of the previous year.

Primary iron production reached 275,300 tons and was 45.6% higher than in August and 53.3% higher than in September of the previous year.

The production of hot-rolled sheets last September grew 1.2% compared to last August and 20.6% year-on-year.

The report notes that September’s cold rolled flat was 2.6% higher than in August and 18.1% higher than in September 2016.

Deborah Evans

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