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[Ferro-Alloys.com] Latin American steel association Alacero said that Latin America is facing the worst crisis in its modern history and is in a moment of transition, showing signs of economic reactivation, but at the same time of difficulty in controlling the pandemic. The impact of the Covid-19 crisis is strongly felt in steel consumption, which decreased 30% in April compared to the same month last year and 11% year to date. The biggest drop occurred in Argentina, of 83% compared to April 2019. However, one of the indicators of the recovery is the production of raw steel in May, which, although it registered a reduction of 29% in comparison with May of last year, rose 8% in comparison with April of this year, basically thanks to Brazil.

 

Source: CHINA DAILY