The Latin American Steel Association Alacero predicted that Latin America's steel demand is in a slow recovery state due to the spread of the coronavirus.
Given the risk of an increased number of infected cases, the region's steel production has been severely affected.
Many Latin American countries have begun to reopen trade and resume their business and activities.
In June, crude steel production decreased by 3.6% compared to May and by 29% compared to the same month of the previous year and reached around 6.6 million tons.
In May, steel consumption in Latin America increased by 6% month-on-month and decrease by 27% annually.
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