China steel shipments to LatAm up in August

Thursday, October 13, 2016

Latin America's steel imports from China rose 7% year-on-year to 852,000t in August, according to regional steel association Alacero.

Over the January to August period, shipments from China dropped 22%, to 5.0Mt.

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The region's share of China's finished steel exports over the eight months was 6.6%, compared with 9.1% in the same period of 2015. South Korea and Vietnam remained the largest importers of Chinese steel in the period.

Alacero has expressed concerns over the threats local players face from Chinese imports. It has previously called on lawmakers to protect the industry against unfair practices.

Over the January to August period, Central America received the bulk of the steel shipments, importing a combined 1.2Mt, followed by Chile with 810,000t and Peru with 673,000t, according to Alacero figures.

Argentina, Mexico and Brazil reported the biggest drops in imports.

The association said 48% of steel imports from China were flat steel products, 37% long products and 4% seamless steel tubes.