SANTIAGO – Latin America imported 6.3 million tons of structural steel from China between January and September, an increase of 5 percent over the same period in 2014, the Latin American Steel Association, or Alacero, said Tuesday.
China’s exports of structural steel during the first nine months of 2015 amounted to 75.8 million tons, a 29 percent increase from last year.
Latin America accounted for 8.4 percent of that total.
South Korea remains the top destination for Chinese steel, importing 9.8 million tons, or 13 percent of the total, followed by Vietnam with 7.2 million tons, Alacero said.
Eighteen percent of Latin American imports of Chinese structural went to countries in Central America, while Brazil took 15 percent and Chile, 14 percent.
By products, laminated steel accounted for 59 percent of Chinese exports to Latin America between January and September.