China reports lower steel exports to LatAm
Latin America's steel imports from China decreased 7% year-on-year in January-October to 5.8Mt, according to regional steel association Alacero.
Latin America's share of China's steel exports in the first 10 months was 9.4%, compared with 6.9% in the same period of last year. South Korea and Vietnam remained the largest importers of Chinese steel.
During the January-October period, Central America imported 1.2Mt of Chinese steel, followed by Chile (1.1Mt) and Peru (795,000t), according to Alacero.
Venezuela and Cuba reported the largest percentage decreases in imports from the Asian nation.
The association said approximately 68% of steel imports from China were flat products, 18% long products and 3% seamless steel tubes, with 11% being steel derivatives.
Alacero has expressed concerns over the threat local players face from Chinese imports and it has also called on lawmakers in the region to protect the industry against unfair practices.
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