Argentina’s crude steel production surged in March, reaching 330,800 metric tonnes, up from 316,400 metric tonnes in February, according to Acero Argentino (AA). The rise in output was accompanied by sharp increases in rolling activities, driven by the resumed operation of previously halted plants.

Hot-rolled coil (HRC) production soared by 302.3% to 189,200 metric tonnes, cold-rolled coil (CRC) production climbed 90.6% to 88,300 metric tonnes, and long product output increased by 7.6% to 123,500 metric tonnes compared to February. Year-over-year comparisons show crude steel production rising by 37.0%, HRC output by 53.6%, CRC by 46.8%, and long products by 41.5%.

While civil construction production dipped slightly by 0.6% from February, it grew by 17.1% compared to March 2024. The automotive sector saw a 1% decline from February and a 2% drop from a year earlier, but the outlook for machinery and agricultural equipment remains positive, fueled by an anticipated strong crop.

Steel demand for domestic appliances weakened due to rising import competition, whereas energy sector demand increased following government incentives under the RIGI program to attract large investments.