SANTIAGO – Latin American and Caribbean nations consumed a total of 68.7 million tons of laminated steel last year, down 4 percent from 2014, the Latin American Steel Association said.
The largest increases in demand, both in absolute and percentage terms, were in Mexico, Chile and Argentina.
Brazil’s use of laminated steel decreased by 4.3 million tons, or 17 percent, compared with 2014, while Peru posted a 9 percent decline.
Last year, Latin America and the Caribbean produced 63.5 million tons of raw steel, 3 percent less than in 2014. Brazil, where steel production slipped 2 percent, accounted for 52 percent of regional output.
Latin America produced 53.3 million tons of laminated steel, a 5 percent reduction in volume from 2014.
Brazil was the largest producer, accounting for 42 percent of the total, followed by Mexico with 33 percent.
The region imported 24.4 million tons of laminated steel, a 2 percent increase over 2014.
Currently, imports make up 36 percent of laminated steel consumption in Latin America and the Caribbean.