Steel Usage in Chile Hit Highest Historic Level in 2021

SEATTLE (Scrap Monster): The Chilean Steel Institute (ICHA) reported that apparent steel consumption in the country hit highest historic level during the previous year.

The apparent steel consumption totalled 3.283 million tonnes in 2021, higher by 38.7% from 2020. The long steel consumption totalled 1.517 million tonnes, whereas the apparent consumption of flat products stood at 1.743 million tonnes. The long steel and flat steel consumption surged higher by 23.3% and 56.3% respectively.

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In terms of per capita, the apparent consumption of steel in Chile during 2021 reached 169 kilograms. This places the country among the largest per capita steel consumers in the Latin American region.

According to Juan Carlos Guitierrez, Executive Director, ICHA, the growth in apparent steel consumption is mainly attributed to the increased level of investment in construction during the year. In addition, replenishing of inventory levels of finished products too contributed to increased consumption.