ARGENTINA, CHILE AND URUGUAY
Performance

  The units in Argentina, Chile and Uruguay sold a total of 351,800 metric tons of steel products, which represents 3.8% of the consolidated total. The region's sales performance suffered a 6.4% reduction, resulting from the recession in the Argentinean and Uruguayan economies.

  The Chilean operations, however, increased sales by 12.2%, due primarily to investments in infrastructure, such as the realization of works on the Costanera Norte and Autopista Central motorways, the expansion of the Santiago subway, and the La Farfana water treatment plant, one of the largest in Latin America.


Strategy

   The units in each country have independent commercial areas, organized to meet the specific needs of the markets in which they are located.