SANTIAGO – Latin America imported 9.4 million tons of steel from China in 2015, a 1 percent increase over the previous year, the Latin American Steel Association, or Alacero, said.
The total comprises laminated steel – long steel, flat steel, and seamless and seam pipes – as well as derivates such as wire and seamed tubes.
Latin America absorbed 8.6 percent of China’s steel exports, down from 10.3 percent in 2014.
The top consumer of Chinese steel last year was South Korea with 13.5 million tons, or 12.2 percent of the total, followed by Vietnam with 10 million tons, 9.2 percent.
Alacero, founded in 1959, includes 48 companies in 25 countries with a cumulative production of nearly 70 million tons of steel a year.