Latin America and the Caribbean contains 33 countries and 15 Dependencies or other territories, with total population over 648 millions people, is also a potential market but also a “drop-out” in Asian suppliers’ eyes. From the past to present, China is still the main player in this area with many vessel lines to these destinations including break bulks and container vessels. Competitive steel price combines with cheap ocean freight that helps China hold the number one export quantity position in this area.
Within this first half year of 2019, Latin America has imported over 10 millions tons of steel, 70% correspond to flat products (7.0 million tonnes), 27% to long products (2.7 million tonnes) and 3% to seamless tubes (283 thousand tonnes)....
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