{"id":12457,"date":"2015-01-21T09:53:41","date_gmt":"2015-01-21T14:53:41","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=12457"},"modified":"2015-01-21T09:53:41","modified_gmt":"2015-01-21T14:53:41","slug":"more-and-more-chinese-steel-in-central-america","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/more-and-more-chinese-steel-in-central-america\/","title":{"rendered":"More and More Chinese Steel in Central America"},"content":{"rendered":"

\"hot-rolled-h-section\"<\/a><\/p>\n

Panama’s requirement for steel continues into 2015 with more construction seen in all sectors.<\/p>\n

The continuous increase in sales of steel from China to Latin America was well known in Central America during 2014 when 930,000 tons of metal were imported<\/a> from the asian country.<\/p>\n

From a statement issued by the Latin American Steel Association:<\/p>\n

Between January and October 2014, China<\/a> shipped 6.7 million tons of rolled steel to Latin America, 54% more than the 4.4 million tons sent in the same period in 2013.<\/p>\n

Meanwhile, total rolled steel exports from China to the world continue to grow rapidly but at a slower pace than shipments to Latin America. They reached 66.5 million tons, 47% more than in the same months in 2013.<\/p>\n

The volume of Chinese steel received by Latin America amounted to 11.5% of regional consumption (an estimated 58.5 million tons).<\/p>\n

Latin America has established itself as the second most important destination for steel in China, expanding its participation in these exports from 9.7% to 10.1% between Jan \/ October 2013 and Jan \/ October 2014. The first recipient of products remains South Korea which had a share<\/a> of 15.7%, receiving 10.4 million tons.<\/p>\n

In October 2014, Latin America received 671,943 tons of rolled steel from China, 10% more than in September (610,787 tons) and 51% more compared to October 2013 (445,919 tons).<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Panama’s requirement for steel continues into 2015 with more construction seen in all sectors. 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