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Argentina’s steel production increases again in September

Thursday, 26 October 2023 20:25:23 (GMT+3)   |   Sao Paulo
       

According to Argentina’s chamber of the steel industry, Acero Argentino (AA), the country’s crude steel production in September reached 447,300 mt in September, against 421,900 mt in August and 345,800 mt in July.

The increase reflects gradual return to normal operations, after a series of labor strikes in July

Under a month-on-month comparative basis, the production of HRC declined by 6.7 percent to 195,500 mt, the production of CRC increased by 7.0 percent to 117,300 mt, and the production of long products increased by 2.3 percent to 192,700 mt.

When compared to September 2022, the numbers show crude steel production increasing by 4.3 percent, HRC increasing by 3.6 percent, CRC increasing by 3.1 percent and long products declining by 5.5 percent.

Acero Argentino mentioned that the civil construction, automotive, domestic appliances and machinery sectors remain in declining performance, while the energy and packaging sectors remain operating at a good level of activity.

The institute added that local steel producers have reduced their production paces due to the low availability of imported raw materials not produced in Argentina.

Such problem derives from the financial crisis faced by the country, with high inflation rate, and shortage of foreign currencies to conclude import operations.


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