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Latin America's crude steel production decreased

According to the Latin American Steel Producers Association (ALACERO), the region's crude steel production fell in the first four months of this year.

Latin America's crude steel production decreased

In the first four months of 2023, crude steel production in the region was 6.6% lower than the previous year, with 19.4 million tons produced.

The main steel consuming industries showed mixed performance in March, with some maintaining negative trends and others showing signs of recovery.

CEO Alejandro Wagner predicts that construction and automotive sectors will drive regional steel consumption recovery, mainly in Brazil and Mexico.

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