节点：中游（冶炼、中间品）位置：中游情绪：利空参考度：6/10
2025年9月，拉丁美洲钢铁行业延续全年下行态势，粗钢及轧钢产量均再度收缩，进口量显著攀升至区域市场历史高位。当月粗钢产量450万吨，同比降幅5.9%；轧钢产量同步下滑，9月单月同比下降7.9%，1-9月累计同比降幅3.7%。9月区域钢铁表观消费量600万吨，同比下降1.8%；但1-9月累计消费量同比微增1.4%，区域需求略..
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