【SMM Steel】Acindar suspends Santa Fe plant operations amid falling steel consumption

Published: Jun 22, 2026 17:15

Save

【SMM Steel】Argentine steelmaker Acindar has halted operations at its Santa Fe plant for four days in June 2026 to reduce excess inventory amid stagnant domestic demand. Production levels are 40% below pre-2023 levels, reflecting a critical contraction reported by the Argentine Steel Chamber, with construction and manufacturing demand at historic lows. Acindar is implementing contingency measures including advance vacations and compensatory time off to manage idle capacity reaching 60% in some segments. The Argentine steel industry continues to struggle for stability amid a recession affecting the entire steel value chain.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

6.22 SMM Global Steel Daily Report

[Vietnam] Dragged down by sluggish trading, buyers in the Vietnamese hot-rolled coil (HRC) market maintain an extremely strong wait-and-see stance. In an effort to stimulate transactions, some Indian sellers have proactively conceded margins by cutting their HRC offers sharply to 550 USD/tonne CFR Vietnam, representing a significant discount from the previous mainstream asking price of 565 USD/tonne CFR. However, due to weak market expectations and highly depressed purchasing intent, this price reduction has still failed to attract any substantial buying interest.

11 hours ago

[SMM HRC Daily Trading Volume] Spot Transactions Move Sideways

[SMM HRC Daily Trading Volume] On June 22, the total HRC daily trading volume of sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) tracked by SMM was 12,270 mt, up 180 mt (+1.4%) DoD, up 16.41% YoY on a Gregorian calendar basis, and down 11.60% YoY on a lunar basis.

11 hours ago

MMi Daily Iron Ore Report (June 22)

The DCE iron ore futures continued to hit bottom today, with the most-traded I2609 contract closing at 739.5 yuan/mt, down 0.87%. Port spot prices fell by 3-5 yuan/mt from pre-holiday levels.

11 hours ago