Argentina’s crude steel production fell by 22.8pc to 336,300mt in August after reaching 435,500 mt in August 2019, according to the Argentine Chamber of Steel (Acero).
Hot-rolled coil production dropped by 23.1pc to 312,800 mt in August this year, down from 406,900mt produced in the same period in 2019, Acero said in a statement.
Cold-rolled coil production, on the other hand, rose by 9.6pc to 117,200mt in August, from 107,000 mt in the same month last year. Iron ore output also increased by 36.3pc to 243,700mt from 178,900 mt during the same period under comparison.
The chamber pointed out that higher demand from the construction sector, the agribusiness, and white goods sectors, helped in increasing the crude steel production in August by 3.4pc from 325,300mt in July 2020.