Production of Iron and Non-Alloy Steel in Ingot in Peru - 2022

Iron and Non-Alloy Steel in Ingot Production in Peru - 2022

In 2022, the amount of iron and non-alloy steel in ingots produced in Peru rose rapidly to 1.3M tons, picking up by 9.2% compared with the previous year's figure. In general, production, however, recorded a perceptible descent. Over the period under review, production of hit record highs at 1.5M tons in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, production of iron and non-alloy steel in ingots soared to $1.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2020 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Source: IndexBox Market Intelligence Platform

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