South American crude steel output dips further in November

By Paul Ploumis (ScrapMonster Author)

December 29, 2015 07:49:01 AM

SPOKANE (Scrap Monster): According to the recent data published by the World Steel Association, the crude steel production by South American countries dropped significantly during the month of November this year. The total monthly output declined by 5.1% to 3.448 Million tonnes.

The total crude steel production by Argentina during November was 405,000 tonnes, down considerably by 12.2% than the November 2014 production of 461,000 tonnes. Brazil produced 2.548 Million tonnes of crude steel, dropping by 4.4% when compared to 2.666 Million tonnes production achieved during November last year. The Chilean November crude steel production recovered sharply by 14.2% from 83,000 tonnes in November ‘14 to 95,000 tonnes in November this year. The total crude steel production by Colombia rose nearly 4.6% to 125,000 tonnes in November this year.

Ecuador’s crude steel output jumped higher by 22.6% on year-on-year basis. The crude steel output by Ecuador was 70,000 tonnes in November this year, higher when matched with 57,000 tonnes during November last year.  Paraguay’s crude steel output remained flat during the month.

The crude steel output by Peru increased by 5.5% year-on-year. The crude steel output of Uruguay too remained almost unchanged when compared with the year before levels. Venezuelan production plunged heavily by 32.9% year-on-year from 142,000 tonnes to 95,000 tonnes.

The following table provides cumulative crude steel output for the first eleven months in 2015 in comparison with those during same period in 2014.

Note: Output in thousands of tonnes