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ARGENTINA: Crude Steel Production Rises 12% In July On Annual Basis

Argentina’s crude steel production in July was at 398,800 tons, marking a 7.2% increase over June while rising 12% when compared to the same month of 2016, said the Argentinean Steel’s Chamber.

In July, the production of hot rolled products in Argentina was at 426,000 tons, 29.7% higher than in July 2016.

According to the chamber, “the industrial activity in agriculture, construction and home appliances related sectors continues to strengthen.”

Steel consumers confirmed the economic recovery trend started in the second quarter of this year, the steel chamber said, adding that works at a gasoduct in C?rdoba are increasing local demand for steel pipes. Also, “seamless pipes exports to the international market were resumed.”

The material has been provided by InstaForex Company – www.instaforex.com