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Chinese threat looms large over steel industry in Argentina-The 18th China(Guangzhou)Int’l Spring Industry Exhibition
11/9/2016 Spring Industry Exhibition |
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Buenos Aires Herald reported the question that arises as the administration mulls over the prospect of gradually opening up the economy to more imports is whether or not protecting the domestic steel industry is a priority.
Argentina’s steel industry posted an all-time output record: 5.61 million tonnes in 2011. But the following year, raw steel production dropped 11% to 4.996 million tonnes, rising a modest 3.8% in 2013 and another 5.8% in 2014, only to plummet by 8.4% in 2015. 3.078 million tonnes of steel were produced in the first nine months of 2016, a 18.6 percent drop on output during the same period of 2015.
According to the Argentine Steel Chamber, low levels of industrial output production across the board have meant a decrease in the demand for steel, driving output at steel mills to an average of 60% of their collective installed capacity of seven million annual tonnes throughout the year.
Argentine Steel Chamber claims the industry employs approximately 15,000 people directly and about 100,000 indirectly. Some of the big players here include Ternium Siderar, Acindar, Tenaris Siderca both part of the Techint Group Acerbrag, Arcelor Mittal and Sipar Gerdau.
-The 18th China(Guangzhou)Int’l Spring
Industry Exhibition
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