In this way, the metallurgical index registered a growth above the Consumer Price Index (CPI) during the first nine months of this year, as the ICM registered an increase of 43.6% in the accumulated of the year, compared to the increase 37% of the CPI.
In addition, metallurgical costs had a much greater increase than the official exchange rate (18.8%), which impacted on the competitiveness of the sector, according to the report.
In this sense, from Adimra they indicated that the increase in costs is mainly explained by the rise in general supplies.
“Basic ferrous inputs presented a rise of 57.2%, while non-ferrous ones registered an increase of 32.8%, and in some specific inputs there were increases in dollars that exceed 40% during the first nine months of 2021 ”The report highlighted.
In addition, logistics services showed an increase of 38.3% during the first nine months of the year, driven by the rise in fuel prices.
For its part, the cost of energy continues to lead the increases within the cost structure of the sector in the last five years, followed by the rise in the main inputs used in its manufacturing process and logistics costs.
Within the main lines of business, the highest cost increases occurred in the metal products and capital goods sectors (48.1% and 43.6%, respectively), “given the intensive use of basic ferrous inputs. , while, on the contrary, the smallest increase occurred in the foundry sector with an increase of 34.9% so far this year, due to its energy-intensive cost structure ”.
Source From: Ambito
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