Chinese steel imports grew 2% in Latin America

The region received in November 551,000 tons of rolled steel from China. Chinese steel exports to Latin America increased 2% annually in the period from January to November, a total of 7.6 million tons, according to a report by the Latin American Steel Association (Alacero).

In monthly figures, the region received in November 551,000 tons of rolled steel from China, which means a decrease of 22% compared to 704,000 tons the previous month and 25% less than in November last year (730,000 tonnes). The volume of Chinese steel received by the region is approaching 2014 levels, reducing the strong gains early last year, according to the monthly report of the body.The main destinations of Chinese input between January and November 2015 were: Central America, which received 1.5 million tons, 19% of the region; Chile, which accumulated 1.1 million tons, an increase of 14%; and Brazil, with one million tons, accounting for 14 percent. China exported to the world 92.8 million tons of steel between January and November last year, 23% more than in the same period of 2014.

Of that amount 8.2% of these exports came to Latin America, reducing its stake to 1.7% from January to November 2014, when it was 9.9 percent. South Korea surpassed Latin America as the destination, receiving 11.9 million tons, 12.9% of the total, and Vietnam received 8.8 million tons, 9.5% of China’s total exports. The rise in Mexico: Countries that increased imports annually rolled during January to November were: Argentina (441%), Cuba (166%), Dominican Republic (162), Venezuela (30%) and Mexico (25%). Argentina, Dominican Republic and Cuba, however, hold a stake of 2, 2 and 3%, respectively, in the flow to Latin America. The countries that have seen their imports: Brazil (-42%), Peru (16%), Colombia (-13%), Ecuador (-5%) and Chile (-4%). These countries have stakes of 14, 9, 8, 7 and 14%, respectively.

Source: MéxicoXport