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Tuesday, March 21, 2023

Steel production grew by 25% annually

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“The drought is expected to impact not only the demand for agricultural machinery and implements, but also the entire industrial value chain and steel production,” warned the entity.

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The construction sector concluded a good 2022 and continued with good dispatches in January 2023, registering an increase of 3%, compared to December 2022.

The automotive sector had a 26.8% drop in production during the first month of the year, but a growth of 45.8% compared to the same month in 2022.

The manufacturers of agricultural machinery and implements continue to meet commitments made until this first quarter of 2023.

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“There is great uncertainty about the evolution of new operations due to the drought that is affecting future harvest prospects and surely the Expoagro fair will be able to clarify the outlook for the sector,” estimated entity.

The energy sector remains firm and has good prospects for the future, while in the mass consumption market, shipments to home appliance manufacturers are beginning to show signs of slowing down; and the sector of containers, cans and aerosols remain at the same level, without increases or falls.

“Although access to the MULC for importing essential raw materials not produced in the country has been greatly eased, difficulties continue to import semi-finished products and supplies and spare parts necessary in the production cycle,” He indicated the steel chamber.

Crude steel production was 442,400 tons in January, 0.6% higher than December 2022 (439,600) and 25.1% higher than January 2022 (353,800 tons).

Source: Ambito

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