Mexican steel sector to grow despite pressure

Mar 26, 2012 | 02:18 PM | Stephen Downer

Tags  Canacero, steel growth, Alonso Ancira Elizondo, stephen downer

MEXICO CITY — Mexico’s steel industry is expected to expand this year as investment—particularly in automotive applications—continues to grow, even as a number of cost and policy concerns overshadow the sector, according to the top executive of Canacero, Mexico’s iron and steel association.

Mexican steel output is forecast to rise nearly 5 percent this year to 19 million tonnes from 18.1 million tonnes previously, while investment over the next three or four years will total $15 billion vs. $19 billion over the past two decades, Canacero’s newly elected president, Alonso Ancira Elizondo, told reporters at a press conference in Mexico City.....

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