The Costa Rica News (TCRN) – China exported 1.9 million tons of rolled steel to Latin America in the first quarter of 2014, 95% more than the 951,938 tons recorded in the same period last year.

According to the American Steel Association (Alacero), the region accounted for 11% of the 16.5 million tonnes of Chinese rolled steel shipments to the whole world in the first third of the year.

China is the largest steel producer in the world and this year it’s projected is to reach about 800 million tonnes, 2.0 to 3.0% more than in 2013.

The increase in shipments to the exterior is consistent with the policy pursued by the Asian giant to counter the strong surplus that registers its steel production.

Brazil was the largest importer of Chinese-rolled products, 522,694 tons; followed by Chile, with 272 261 tonnes; and Central America, with 224,288 tons.

The countries that increased their imports of rolled steel in the period were Paraguay, with 233%; Brazil, with 226%; Argentina, with 174%; Mexico, with 166%; and Central America, with 115%.

More products imported from China into the region between January and March 2014 were flat steel, which totaled 1.2 million tonnes.

These highlighted leaves and other alloy steel coils, with 445 194 tonnes; and cold rolled coils, with 287,009 tons, represent 24 numbers and 15% of the total, respectively.

Buying products from China called “largos” reached a volume of 499,637 tonnes in the quarter. The main ones were the wire, with 259,848 tonne; and rods, with 183,862 tons.

The Costa Rica News (TCRN)

San Jose, Costa Rica