Steel production in March grew 37% compared to last year

The sector registered a notable increase in March, but challenges remain in the market.The entry The great growth of steel production and how the other sectors behaved was first published in #BorderJournalism.

The production of crude steel reached 330,800 tons in March, with an increase of 4.5% compared to February and 37% compared to the same month of 2024. The strong upturn was accompanied by an even greater growth in hot rolled ones, which climbed 93.2% compared to the previous month and 48.6% in the year-on-year measurement, driven by the reactivation of plants that had been stopped by scheduled maintenance. The industrial reactivation of March is…

Despite the improvement, the local steel demand levels still do not reach the records of 2022 and 2023, according to the chamber that nucleates the sector. Read more