The Argentine Steel Chamber warned of profound changes in the steel market and the macroeconomy

The Argentine Steel Chamber warned of profound changes in the steel market and the macroeconomy

The president of the Argentine Chamber of Steel, Martin Berardiinaugurated the Alacero Summit 2024 in Buenos Aires and assured that the “reset” of the macroeconomy that Argentina is experiencing presents challenges and opportunities. In addition, he advocated achieving “intelligent reintegration with the world.”

“This Alacero Summit finds us in a particular context,” said the CEO of Ternium Argentina at the opening of the event at the Hilton Hotel.

“We have a situation of very relevant international change. The world is fragmenting, becoming increasingly regionalized, redirecting the value chain towards closer, safer suppliers, more committed to the environment, and who share values ​​governed by market rules. “he added.

And he continued: “From extreme globalization we are moving towards a very marked regionalization. This for Latin America represents an opportunity to reindustrialize value chains. Our continent’s production is becoming dangerously primarized and we believe in industrialization for development,” he assured. .

image.png

According to Berardi, the reshoring (process by which companies bring the production and manufacturing of goods back to their original country) is going to “change the flow of international trade and completely also the context of our industries.” The manager said that this process is reordering investments in the world and the value chain.

“In Argentina in particular we are going through profound changes, with a complete reset of the macroeconomy that presents challenges and opportunities like Latin America. On the one hand, having to gain competitiveness as a country, and on the other, achieve reintegration in an intelligent way with the world, observing what the world is doing, the business partners and applying it in the best way”, he remarked.

“By understanding the context correctly, we will be able to make better decisions to strengthen our industry,” he concluded.

Everything you need to know about Alacero Summit 2024

Alacero Summit 2024the main event of the industry steel from all over Latin America, gather this October 29 and 30 at the Hilton Hotel Buenos Aires to CEOs, corporate directors, government authorities and international organizations to speak about the challenges of the sector.

“The steel industry is synonymous with growth, employment and development for Latin America, and today we have the opportunity to promote this path. Alacero Summit 2024 will be the ideal space to address common challenges, share learning and find solutions,” he said. Ezequiel TavernelliExecutive Director of Alacero.

At the meeting organized by Steelwingthe non-profit civil entity that brings together the Latin American steel value chain, three major themes of the present and future of the industry will be addressed by international speakers.

Talks and conferences Alacero Summit 2024

under the shaft “Markets and Geopolitics in Steel”the renowned economist Ricardo Amorim will address the challenge of competitiveness for LATAM in the face of the Chinese threat, with special focus on Brazil.

Andrés Malamudsenior researcher at the Institute of Social Sciences of the University of Lisbon, will present the socio-political panorama, and the American economist Shannon K. O’Neil will delve into the trend towards regionalization of global supply chains.

At the end of the first day, Paolo Rocca, CEO of the Techint Group, will give a keynote address.

paolo rocca.jpg

Within the approach to “Competitiveness of the LATAM value chain”, Rafael Lucchesipresident of the Board of Directors of the BNDES, will analyze the paths that Brazil is taking towards reindustrialization as a commitment to economic and social development.

In turn, on the panel “Regionalization and nearshoring”the Mexican economist Gerardo Esquivel and Francisco Cervantes DíazPresident of the CCE, will discuss the Mexican industrial experience and the factors that led to its success.

Understanding the importance of building integrated and increasingly competitive value chains, Vagner Loyola de Vale and Rafael Chang of Toyota will bring vision about the shared expectations and challenges.

To finalize and complete the analysis on the perspectives and challenges of the regional steel industry, Paula Jeffersonfrom ArcelorMittal, Gustavo Werneck of Gerdau and Maximo Vedoya of Ternium will close the day with the panel of CEOs.

Sustainability in the industry

As a novelty for this year, the Decarbonization Forumwhich will present the technological and environmental challenges for the industry of the future.

In this block of “Sustainability”international speakers will discuss the path, progress and challenges of the Latin American industry for low CO2 emissions steel.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts