14
Jan
08:12
Latin America steel trade deficit widens in October
Latin America saw its steel trade deficit widen on-month in October 2020, according to steel producers' association Alacero. The deficit was 946,400 tonnes, almost 19.1% higher over September but 69,000t less on-year, Kallanish notes. The ten-month regional finished steel trade deficit was 9.58 million tonnes, down by -17.2% on-year.
“The industry is focused on meeting local demand, as shown by the -30.3% on-year drop in exports in October,” A…
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Anonymous
Very good overview of the weekly steel market.
Anonymous