Production of Iron and Non-Alloy Steel in Ingot in Ecuador - 2022
Iron and Non-Alloy Steel in Ingot Production in Ecuador - 2022
For the sixth year in a row, Ecuador recorded growth in production of iron and non-alloy steel in ingots, which increased by 16% to 709K tons in 2022. In general, production saw significant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 5,651,972% against the previous year. Production of peaked in 2022 and is likely to see steady growth in years to come.
In value terms, production of iron and non-alloy steel in ingots soared to $742M in 2022 estimated in export price. Over the period under review, production saw a significant expansion. The growth pace was the most rapid in 2021 when the production volume increased by 33%. Production of peaked in 2022 and is likely to see steady growth in the immediate term.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Ecuador.
This report provides an in-depth analysis of the iron and steel market in Ecuador.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Ecuador.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
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Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
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