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27 May
11:12

Chile’s first-quarter steel consumption drops

Chilean steel consumption fell year-on-year in the first quarter, says national steel institute ICHA. Domestic demand, however, is in line with pre-Covid-19 volumes. The market is expected to absorb 2.28-2.87 million tonnes in 2022. If the higher limit of this outlook is confirmed, it would mean a 12.6% fall on-year, Kallanish notes. "The demand for steel shows that Chile’s steel industry has been able to adequately recover to pre-Covid-19 levels, ensu…
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