Guatemala: Steel Prices Falling

Driven by lower oil prices and uncertainty which has reigned in the country in recent months, prices of steel products for construction recorded declines of between 15% and 30%.

Wednesday, September 23, 2015

The construction sector attributed the decline mainly to the drop in oil prices, to which the behavior of global steel is closely related. On top of this is the negative effect of the political crisis in the country which although did not stop the advance of the economy, generated uncertainty about the speed with which the problem would be solved in the future.

".. According to a report by the National Institute of Statistics and the Guatemalan Chamber of Construction, a hundredweight of corrugated iron - for final consumption - in January was priced at Q333 ($ 43), but last August, was worth Q289 ($37). A sheet - the unit of measurement used - of black iron was quoted earlier this year at Q975 ($125), but last month reached Q838 ($108), ie a decline of 16.3%,. which in nominal value is Q137 ($17). "



More on this topic

Steel in Honduras: Opposition to Protectionism

February 2020

In response to the authorities' consultation on the request for a safeguard measure on the import of steel products, the builders are opposed on the grounds that this would make materials more expensive, in addition to making their production inefficient.

This is not the first time that builders are against this issue, since in November 2019, directors of the Honduran Chamber of the Construction Industry (Chico), requested the government to eliminate the safeguards on imports of steel-based products, since they claim that these measures promote monopolistic practices.

Protectionism vs. Free Market

December 2018

In Costa Rica, the government's decision to reject ArcelorMittal's request to raise the import tax on steel rods generated such a conflict that the company assured that "it has no incentive to keep its production in the country."

After concluding its investigation, the Ministry of Economy, Industry and Commerce (MEIC) decided to reject the request of the manufacturer ArcelorMittal to apply a safeguard measure on imports of alloy and non-alloy steel rods.

Central America: Steel Sheet Purchases Üp 54%

May 2018

After 2013, 2015 and 2016 saw declines in imports of iron sheets, last year purchases abroad grew by 54%, exceeding $922 million.

Figures from the information system on the Iron and Steel Sheet Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

Imports of Iron and Steel Sheets Down 24%

September 2017

In 2016 Central American countries imported $645 million worth of iron and steel sheets, 24% less than in 2015.

Figures from the information system on the Iron and Steel Sheet Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAPHIC caption = "Click to interact with the graph"]

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