SÃO PAULO The
Latin American steel industry is expected to remain cautious in
2013 as the result of increasing imports and uncertain global
Concerns about the European
market, lingering doubts of a U.S. economic recovery and a
reduced growth forecast for China are shrinking export options
for Latin Americas steel sector, Benjamin Baptista,
president of Latin American steel association Alacero, told
AMM sister publication Steel First.
At the same time, the economic
slowdown experienced by other countriesespecially
Chinahas transformed Latin America into an attractive
destination for exports, flooding the regional marketplace.
"Estimates for 2012 show that Latin America accounts for 7.4
percent of Chinas total exports of manufactured steel
goods. A decade before, in 2002, Latin America (accounted for)
only 2.3 percent of these shipments," Baptista said.
The region will continue to
attract high exports of both steel and manufactured steel
products in 2013, he said. As a result, protective trade
measures such as anti-dumping duties will continue to be taken
by governments as a tool to "curb and correct" unfair trade
Baptista said the region should
jointly develop defensive trade actions in order to reduce its
vulnerability to unfair and diverted trade.
"The best way to fight growing
imports and unfair trade is through clear policies favoring
regional industrialization, promoting investments, work force
development and innovation, (and) making the region even more
competitive in the global scenario," he said.
A version of this article was first
published by AMM sister publication Steel