Steel production in the American continents declined in August

According to the latest data released by the World Steel Association, the crude steel output of South American countries dropped significantly during August 2016. Total monthly output fell 6.6% to 3.491 million tonnes. North American steel production also declined 3.0% during the month.

Brazil, the largest producer in South America, produced 2.768 million tonnes of steel, down slightly 1.1% from 2.799 million tonnes in August last year. Argentina's total crude steel production in August was 343,000 tons, down 27.5% from August 2015, when production was 474,000 tons. Chile's output recovered nearly 0.9% to 100,000 tonnes in August this year. Colombia's total crude steel production is down 10.7% this year to 105,000 tonnes in August. Venezuelan production dropped significantly, down 89.1% year on year, from 92,000 tons to 10,000 tons.

During the month of August, North American crude steel production declined 3.0% year-on-year to 9.548 million tonnes, compared with 9.839 million tonnes recorded in August 2015.

Total crude steel production in Canada in August this year was 1,100 million tonnes, down 1.6% from August 2015. The United States produced 6.703 million tonnes of steel, down 3.4% from 6.936 million tonnes achieved in August 2015. Mexico's total crude steel production rose 1.9% from 1.659 million tonnes in August 2015 to 1.690 million tonnes in August this year.