According to data from the Argentinian steel association, Cámara Argentina de Acero (CAA), Argentina produced around 319,000 tons of crude steel in February this year, sliding by nearly 10% compared to the previous month and also falling by 3.6% from the same month a year earlier.

During the period, the output of hot-rolled finished steel products had a month-on-month decrease of 2.2% and a year-on-year reduction of 1.7% to roughly 355,000 tons. The output of cold-rolled flat steel products dropped by 19% month on month and 22% year on year, reaching approximately 96,000 tons.

In the first two months of this year, Argentina’s crude steel output was down by 4.1% to around 673,000 tons, hot-rolled finished steel output slid by 7% to nearly 717,000 tons, cold-rolled flat steel output dropped by 18.7% to roughly 213,000 tons, all year on year.