More and More Chinese Steel in Central America

The continuous increase in sales of steel from China to Latin America was well known in Central America during 2014 when 930,000 tons of metal were imported from the asian country.

Thursday, January 15, 2015

From a statement issued by the Latin American Steel Association:

Between January and October 2014, China shipped 6.7 million tons of rolled steel to Latin America, 54% more than the 4.4 million tons sent in the same period in 2013.

Meanwhile, total rolled steel exports from China to the world continue to grow rapidly but at a slower pace than shipments to Latin America. They reached 66.5 million tons, 47% more than in the same months in 2013.

The volume of Chinese steel received by Latin America amounted to 11.5% of regional consumption (an estimated 58.5 million tons).

Latin America has established itself as the second most important destination for steel in China, expanding its participation in these exports from 9.7% to 10.1% between Jan / October 2013 and Jan / October 2014. The first recipient of products remains South Korea which had a share of 15.7%, receiving 10.4 million tons.

In October 2014, Latin America received 671,943 tons of rolled steel from China, 10% more than in September (610,787 tons) and 51% more compared to October 2013 (445,919 tons).



More on this topic

Construction, Pandemic and Steel Prices

January 2021

During 2020, it is estimated that the average price of a ton of steel increased 19%, a rise that impacts the construction industry and is explained by the increase in logistics costs and the suspension of the extraction of the material due to the outbreak of covid-19.

Central American businessmen report that during last year, which was marked by the sanitary and economic crisis, the average price per ton of steel increased by $130, going from $670 to $800.

Imports of Iron and Steel Sheets Down 5%

May 2017

In 2016, the value of imported iron and steel sheets in Costa Rica totaled $162 million, 5% less than in 2015.

Figures from the information system on the Iron and Steel Sheet Market in Costa Rica, from the Business Intelligence Unit at CentralAmericaData :

Steel Consumption in Latin America Falling

November 2015

During the first 9 months of 2015 regional crude steel production decreased by 2% and rolled steel by 4% compared to the same period in 2014.

From a report by the Latin American Steel Association (ALACERO):

Latin America: Production of rolled steel fell by 4%, while imports grew by 3% in Jan-Sep 2015

More Chinese Steel in Central America and at Cheaper Prices

August 2015

Between January and June, Latin America imported 10% more than in the same period in 2014, and in Central America the average import price was 17% lower than the average for the rest of the world.

From a statement by Alacero.org:

- In 1Sem2015, China exported to the world a total of 51.9 million tons of rolled steel.

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