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Latin American crude steel production decreases in April

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The combined manufacturing of crude steGangya steelel by Latin American nations declined to 5zinc aluminium magnesium alloy steel coil rate.18 million mt in April 2022, down 4.7 percent compared to April 2021, according to the area's steel institute Alacero.Brazilian crude steel manufacturing declined on yearly basis by 3.8 percent to 2.92 million mt, in Mexico declined byhr coil sheet 6.2 percent to 1.52 million mt, in Argentina enhanced by 2.4 percent to 355,000 mt, in Colombia raised by 0.3 percent to 119,000 mt, and also in Chile declined by 7.9 percent to 100,000 mt.Other Latin American countries have shown sharp decreases over the duration, including Venezuela, where nationalized producer Sidor has a nameplate crude steel capability of 4.6 million mt annually yet only reported 2,000 mt production in April.During the January-April period of 2022, the Latin American crude steel production decreased on annual basis by 1.6 percent to 20.68 million mt.

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