translated from Spanish: In June, metallurgical activity grew by 5.3% compared to May

During June, Argentina’s metallurgical activity increased by 5.3% compared to May, closing its tenth consecutive month of growth. This was made known by the Association of Metallurgical Industrialists of the Argentine Republic (Adimra) through a report. In it it was detailed that those items that had strong increases and that exceeded the levels of 2019 were those of “Agricultural Machinery and Bodies” and “Trailers”, which had an increase of 33% and 32.4%, respectively. On the other hand, those of “Auto parts, Equipment and Electrical Appliances” (+31.7%) and “Capital Goods” (+19.5%) were the items that did not recover the levels of prepandemia. This growth is framed as the tenth consecutive month where metallurgical production showed an increase, registering an increase of 4% in relation to the same month of 2019, while the level of utilization of installed capacity (ICU) was 56.4% year-on-year in June and 52.5% on average in the first half of 2020.Other key points of the Adimra report :
The level of employment increased (by 4.9% year-on-year) and accumulated a growth of 2.9% in the first half of the year.
53% of employers indicated that they had increased their staff in relation to the same period last year, while the percentage of companies that did not show changes was 26%.
Regarding production expectations for the July-September rolling quarter, the report warned of an “encouraging outlook.”

Original source in Spanish