The Latin American Iron and Steel Association (Alacero)recently estimated that Latin America's steel imports this year will reach 23.5million tons, down 6.5% year-on-year; crude steel production will reach 66.3million tons, up 3%. Alacero expects that in 2018, demand for apparent steel inLatin America will increase by 1.3% to 68.5 million tons, of which finishedsteel consumption is 55.9 million tons, up 5.6% year-on-year. Imports accountedfor about 34% of consumption.
By country, Alacero expects Argentina's crude steel output toincrease by 18% year-on-year in 2018, and crude steel production in Mexico,Ecuador and Uruguay will increase by 4% year-on-year. Venezuela's crude steeloutput will decrease by 61% year-on-year. Chile It will decrease by 8% year-on-According to the World Steel Association, in the first nine months of thisyear, crude steel production in South America was 33.168 million tons, anincrease of 2.5%. Among them, Argentina increased by 16.1% year on year, Brazilincreased by 2.5% year on year, Ecuador increased by 3.8% year on year, Peruincreased by 2.5% year on year, Uruguay increased by 2.9% year on year,Venezuela decreased by 65.5% year on year, Colombia decreased by 12.8% year onyear, and Paraguay decreased by 8.1% year on year. Chile decreased by 4.8%year-on-year.