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Steel News October 28, 2020 10:10:43 PM

Crude Steel Production by South American Nations Expanded at Moderate Pace

Paul Ploumis
ScrapMonster Author
The World Steel Association (worldsteel) production data indicates that Brazil’s output totalled 2.574 Mt.
Crude Steel Production by South American Nations Expanded at Moderate Pace

SEATTLE (Scrap Monster):  The South American crude steel output witnessed marginal increase in September 2020. The regional output edged higher marginally by 0.9% from 3.180 million tonnes (Mt) in September 2019 to 3.210 Mt in September this year.

The World Steel Association (worldsteel) production data indicates that Brazil’s output totalled 2.574 Mt, modestly higher by 7.5% when matched with 2.394 Mt in the same month a year before. Argentina- the second largest producer saw its steel output drop substantially by nearly 12% to 358,000 tonnes. In third place was Colombia, whose output was estimated at 110,000 tonnes. The other primary producers were Chile (95,000 tonnes), Ecuador (35,000 tonnes) and Peru (30,000 tonnes).

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The output by Venezuela registered the biggest jump, surging higher by almost 456% from the previous year. On the contrary, the Peruvian output declined the most, falling by nearly 71% year-on-year.

During the initial nine-month period in 2020, South American region produced 27.272 Mt of steel. This is significantly lower by 13.9% from the corresponding nine-month production of 31.670 Mt in 2019. The top five crude steel producing countries in Jan-Sep ’20 were Brazil (22.347 Mt), Argentina (2.490 Mt), Chile (839,000 tonnes), Colombia (824,000 tonnes) and Peru (370,000 tonnes).