Reportedly Argentina's steel industry is expected to invest USD470 million in boosting product capacity and product quality in 2013. The investment figure was up by 20% YoY, according to a report by the Steel Chamber Argentina.
Meanwhile, crude steel production in Argentina amounted 320,800 tons in January, down by 3.9% MoM and down by 19.2% YoY, resulting from planned outages in plants.