The Latin American Steel Association (Alacero) predicted that Latin American steel demand would still face a slow recovery process, although it was affected by the outbreak and the number of infected cases was at risk of continuing to rise, but many Latin American countries began to reopen trade and launch economic activities.
The steel production of various countries has been severely affected by the epidemic. According to statistics, the crude steel production of Latin American countries in June decreased by 29% compared to the same period last year.
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