Argentina: Hot-Rolled Steel Products Market 2025

Hot-Rolled Steel Products Market Size in Argentina

In 2021, the Argentinian hot-rolled steel products market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a perceptible curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Hot-Rolled Steel Products Production in Argentina

In value terms, hot-rolled steel products production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Hot-Rolled Steel Products Exports

Exports from Argentina

In 2021, shipments abroad of flat-rolled products of iron or steel (not further worked than hot-rolled) decreased by -0.6% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 74% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled steel products exports skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed modest growth. The pace of growth was the most pronounced in 2018 with an increase of 130% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Paraguay (X tons) was the main destination for hot-rolled steel products exports from Argentina, accounting for a 64% share of total exports. Moreover, hot-rolled steel products exports to Paraguay exceeded the volume sent to the second major destination, Chile (X tons), sevenfold. Pakistan (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-10.9% per year) and Pakistan (+14.3% per year).

In value terms, Paraguay ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than hot-rolled) exports from Argentina, comprising 68% of total exports. The second position in the ranking was taken by Chile ($X), with a 9.6% share of total exports. It was followed by the United States, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-7.6% per year) and the United States (+20.3% per year).

Export Prices by Country

The average hot-rolled steel products export price stood at $X per ton in 2021, picking up by 63% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into Argentina

In 2021, purchases abroad of flat-rolled products of iron or steel (not further worked than hot-rolled) was finally on the rise to reach X tons after three years of decline. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 198% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled steel products imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 183% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of hot-rolled steel products to Argentina, with a 64% share of total imports. Moreover, hot-rolled steel products imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.2% per year) and Germany (-9.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than hot-rolled) to Argentina, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Sweden, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil totaled -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.2% per year) and Sweden (+6.7% per year).

Import Prices by Country

In 2021, the average hot-rolled steel products import price amounted to $X per ton, jumping by 32% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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