Mexico service centers see demand picking up

Jan 29, 2014 | 05:54 PM | Catherine Ngai

Tags  steel, Mexican steel, Roberto Márquez Hiriart, Grupo Villacero, automotive, aerospace, energy, Luis Rodriguez Grupo Cuprum

CANCUN, Mexico — This year looks bright for Mexican steel service centers, underscored by strong demand in the automotive, aerospace and energy sectors, as some try to remain upbeat after a 2013 that was less than rosy.

After high expectations at the start of last year, with early economic growth projections of 3.8 percent, steel market participants were among those disappointed when Mexico ended the year with growth figures closer to 1.2 percent.

However, with proper structural reforms, conditions are on the upside, according to service center representatives at AMM’s 19th Annual Mexican Steel Forum in Cancun Jan. 29.....

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