South American steel Chinese imports up

The Latin American Steel Association (Alacero) reports that between January and October 2014, China shipped 6.7 million tons of finished steel to Latin America, 54 percent more than the 4.4 million tons registered in the same period of 2013.

Meanwhile, total exports of finished steel from China to the world continued to grow rapidly but at a slower pace. These exports reached 66.5 million tons, 47 percent more than in the same months of 2013. The volume of Chinese steel received by Latin America accounted for 11.5 percent of the regional consumption (estimated in 58.5 million tons).

In October 2014, Latin America received 671,943 tons of finished steel from China, 10 percent more than in September (610,787 tons) and 51 percent more than in October 2013 (445,919 tons).

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