Latin America Steel Industry Faces 2025 Decline

Post Views: 153 Latin American steel market Latin America Steel Production Set to Drop in 2025 Steel production in Latin America is projected to decline by 2.5% year-on-year in 2025, totaling 55.4 million tons. Rolled steel output will fall 3.5% to 50 million tons. Brazil, Mexico, and Chile face varied challenges, with Mexico expected to see a 7.5% drop due to US trade tensions and higher tariffs. Chile will experience a 41.4% decline following the Huachipato plant closure, while Brazil will report a slight 0.8% decrease. The Latin American steel market is increasingly dependent on imports, wh...