Steel production grew 11.1% in June

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Crude steel production for June was 413,500 tons, 11.1% more than in the same month of 2017, while it fell 5.6% in the comparison with May, according to a report from the Chamber representing the sector.

On the other hand, the production of hot rolled products was 367,800 tons, 10.7% lower than that of May 2018 and 7.8% lower than that of June 2017.

Likewise, primary iron production fell 11% in the comparison with May 2018 and 3.7% year-on-year. While the cold rolled plans for June were 20.7% less in May and 8% in relation to June 2017.

The Chamber of Steel said in a statement that “in the construction sector the works that were launched continue.” However, it began to reflect lower demand linked to small enterprises, which shows a decrease in the placement of orders for materials for this segment. ”

“The automotive sector performed less than expected with a decrease in activity, both in May and the same month in 2017. The agricultural machinery and implements sector continues to show a slowdown in orders.” The energy segment continues without changes in demand, “the report adds.

The sector warned about the measures against the import of steel that is being applied by the administration of US President Donald Trump. “Several events are added to the problem that is being studied, one of the most important being the enactment of Resolution 232 of the Trump administration, which established 25% tariffs on steel products exported to the US, which has generated reactions in most of the countries and blocks that were affected by this measure of which Argentina is exempt, “he says.

He adds: “We must remember that this forum appeals to the goodwill of the participating countries, given that participation is voluntary and depends on the information of each of them, so far only the proposals made last year under the Presidency of Germany and it is expected to be able to outline a work plan for these recommendations. “