Chinas exports of finished steel products to Latin
America totaled 4.6 million tonnes last year, up 27 percent
from 2011, according to regional steel association Alacero.
Latin America passed the
European Union as the second-largest destination for Chinese
steel exports in 2012, with South Korea standing as the largest
buyer of Chinese products last year.
Chinas shipments of
manufactured steel goods to Latin America rose 11 percent last
year, while Chinese exports to the rest of the world increased
just 6 percent.
Alacero noted that China reduced
its imports of finished steel and steel-containing goods from
Latin American countries last year, and the regional trade
deficit rose 29 percent for finished steel and 41 percent for
manufactured steel products.
Including transactions with
China, Latin America recorded a $26.35-billion raw materials
surplus last year but a $46.06-billion deficit in finished
steel and manufactured steel goods.
A version of this article was first published by AMM sister
publication Steel First.