It was reported by the Argentine chamber of the sector. In November it fell 5.9% compared to the previous month and 18.1% in the interannual comparison.
Steel production registered a drop of 5.9% in November, compared to the previous month, reported the Argentine Chamber of the sector. In the accumulated of the year, the drop reaches 25% compared to the same period in 2023.
The report noted that, at a total of 338,500 tons, steel production decreased by 18.1% in November, compared to the same month last year.
For its part, Laminate production was 332,100 tons, which represented a drop of 27.7% year-on-year and 1.4% month-on-month.
Regarding the activity of the steel-demanding sectors, in the construction sector, cement shipments in November fell 3% compared to October and a drop of 15% compared to the same month of the previous year.
In the automotive sector, production in November registered an increase of 2.4% compared to October and a decrease of 5.1% compared to the same month last year. Comparing the eleven months of 2024 with respect to 2023, a decrease of 18.3% was recorded.
On the other hand, patents decreased by 20% compared to October and 2% compared to the same month of the previous year, accumulating a decrease of 9% so far this year.
Meanwhile, the agricultural machinery and implements sector continues with good prospects for the wheat harvest, first results show a higher yield than the previous season. Dispatch levels to geographic areas of energy activity remain stable, with favorable expectations for 2025.
Source: Ambito
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