Chilean apparent steel consumption to decline in 2020

Chilean apparent steel consumption to decline in 2020

Posted on by admin

Chilean apparent steel consumption this year should decline 23 percent, year-over-year, according to Juan Carlos Gutierrez, executive director at the Chilean Steel Chamber (ICHA). According to worldsteel, Chile’s apparent steel consumption in 2019 had reached 600,000 mt.

Gutierrez joined a panel of experts to discuss the rebound of the Chilean economy. Marcelo Matus de la Parra, director at Integral y Reset Chile, estimated the local economy should continue a “depressing phase” for at least 12 more months.

Parra said a recovery of the Chilean economy is only expected for late 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *