18.09.2015 - Massive steel imports from China a worry for Latin America: Alacero
The huge volume of steel product imports into Latin America originating from China is a subject of growing concern, the president of the Latin American steel chamber, Alacero, said Thursday. Martin Berardi said the steel and metal-mechanic sector is worried about the influx of Chinese products in what it sees as unfair trade conditions. "China's steel exports to Latin America reached 9 million mt [in 2014], the equivalent to 13% of the regional steel consumption. These shipments grew 70% in just two years," Berardi said. In 2013, direct imports to Latin America totaled 5.3 million mt, with indirect imports of 6.5 million mt. ......................................Full Article: Source
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