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.

Source: IndexBox Market Intelligence Platform

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