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Latin America steel use set to rise

Keywords: Tags  steel, Latin America, Alacero, Felipe Peroni

SÃO PAULO — Apparent steel consumption in Latin America will rise 3.4 percent to 64.1 million tonnes in 2014, according to estimates by the region’s steel association, Alacero.

The forecast includes figures for the region’s seven major steel markets—Argentina, Brazil, Chile, Colombia, Peru, Mexico and Venezuela—where steel consumption fell 1.2 percent last year due largely to a 9-percent decline in Mexico.

Alacero, which predicts a 3-percent increase in apparent steel consumption in the seven countries in 2015, said the region is dealing with a complex situation, in which some countries could be affected by a potential end to the commodities boom and uncertain market conditions.

A version of this article was first published by AMM sister publication Steel First.

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