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02 Nov
11:22

Argentina's trade deficit narrows in third quarter

Argentina saw its third-quarter finished steel trade deficit narrow quarter-on-quarter to 15,300 tonnes, almost 78.4% less over Q2. It was, however, 337.1% wider year-on-year mainly due to lower volumes traded following the mandatory national Covid-19 lockdown in Q3 2020, Kallanish notes. According to data from local steel association Cámara Argentina de Acero (CAA), Argentina’s imports and exports each rose in Q3, but the country remained a net …
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