South American crude steel production declined in July 2015

By Paul Ploumis 21 Aug 2015  Last updated at 06:53:21 GMT

The monthly crude steel production by South American region declined marginally during the month of July this year.

SPOKANE (Scrap Monster): According to the recent data published by the World Steel Association, the crude steel production by South American countries edged lower marginally during the month of July this year. The total monthly output declined by 3.3% to 3.793 Million tonnes.

The total crude steel production by Argentina during July was 431,000 tonnes, down 9.6% than the July 2014 production of 477,000 tonnes. Brazil produced 2.877 Million tonnes of crude steel, dropping by 3.1% when compared to 2.969 Million tonnes production achieved during July last year. The Chilean July crude steel production increased 3.7% from 92,000 tonnes in July ‘14 to 95,000 tonnes in July this year. The total crude steel production by Colombia plunged 5.1% to 110,000 tonnes in July this year.

Ecuador’s crude steel increased marginally by 1.2% on year-on-year basis. The crude steel output by Ecuador was 60,000 tonnes in July this year, higher when matched with 59,000 tonnes during July last year.  Paraguay’s crude steel output surged by over 22% during the month.

The crude steel output by Peru increased by 23.1% year-on-year. The crude steel output of Uruguay too rose 18.9% from 8,000 tonnes in July last year to 10,000 tonnes in July ‘15. Venezuelan production declined sharply by 13.8% year-on-year from 104,000 tonnes to 90,000 tonnes.

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

Note: Output in thousands of tonnes