Crude steel production fell 41.5% year-on-year in March

Crude steel production fell 41.5% year-on-year in March

The crude steel production had a drop of 41.5% year-on-year and 4% compared to February, while the production of laminates collapsed 47% year-on-year, although experienced an increase of 12.6% compared to the previous month, reported the Argentine Chamber of Steel.

The numbers were mainly affected by the UOM’s fight plan, which included 6 days of strike during the month of March, and the drop in demand that forced the closure of the four Acindar plants. they explained.

On the demand side, there are still no signs of recovery in the steel value chain, with the exception of the energy sector.

The construction, white goods and packaging sectors continue to decline, while the agricultural machinery sector has not yet recovered despite the good prospects for the coarse harvest.

The Argentine Steel Chamber reaffirmed “the good will to continue negotiating with the UOM in the search for a consensual solution that allows finding a satisfactory solution.”

Activity sector by sector

He construction sector It continued its decline during the month of March. Cement shipments showed a drop of -7.2% compared to last February and a drop of -42.9% year-on-year.

He automotive sector registered a drop of -29.4% in March compared to the same month of the previous year and an increase of 15.1% compared to February.

Agricultural machinery and implements with expectations for the new harvest, it still shows no signs of recovery.

The sector of energy maintains expectations for the year 2024.

In it mass consumer marketthe drop in shipments to household appliance manufacturers continues, while the packaging sector maintains the level of activity thanks to sales of aerosols.

Source: Ambito

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