Colombian steel imports grow again

After two negative results in a row, Colombian iron and steel imports resumed positive figures in October, Steel Business Briefing learns from local government data. During October, the country imported 182,000 t, a sharp increase over the 151,000 t purchased in the same month of 2006.

October imports are valued at US$130m cif, a 27% increase over October 2006.

From January to October, Colombia’s imports of iron and steel products came to 1.7m t, against 1.5m t registered in the same period of 2006.

As previously reported, imports comprise more than half of the steel supply to the growing Colombian market.

Of the total, 28.6% is provided by Venezuela, mainly by the flats and longs producer Ternium Sidor. Another 22% comes from Brazil.

Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: December 24, 2007