Argentinian crude steel production in March declined 26.1 percent, year-on-year, and 6.2 percent, month-on-month, to 317,700 mt, according to data released on Monday by the nation’s steel chamber, CAA.
According to CAA, Argentina’s crude steel output in Q1 totaled 986,000 mt, 17.3 percent down, year-on-year.
The local steel association said hot rolled finished steel production in March diminished 6.9 percent, year-on-year, but rose 58.3 percent, month-on-month, totaling 368,600 mt. As for Q1, hot rolled finished steel output fell 15.1 percent, year-on-year, to 939,300 mt.
Argentina’s cold rolled flat steel production in the third month of the year declined 7.1 percent, year-on-year, but rose 8.6 percent, month-on-month, reaching 125,300 mt. Accumulated cold rolled flat steel output in Q1 totaled 362,700 mt, 7.1 percent up, year-on-year.
CAA said the local steel industry faces a “complex scenario” in the short term, which doesn’t show signs of improvement.