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Mexican steel exports fall 17.7% in first 9 months

Keywords: Tags  steel, Mexico, exports, Canacero

MEXICO CITY — Mexican steel exports fell by some 800,000 tonnes in the first nine months compared with the same 2011 period, according to Mexican steel association Canacero.

Exports decreased 17.7 percent to 3.8 million tonnes during the period.

Exports to Latin America accounted for 33.1 percent of the total exported volume, up from 31.8 percent in the same period last year.

Meanwhile, exports to the United States accounted for 58.1 percent of total shipments, up from 54 percent.

"This confirms the high dependence of (exports from) Mexico on the (American) continent and, in particular, on the U.S. market," Canacero said.

The association forecast that Mexican steel exports will reach 5 million tonnes for all of 2012.

A version of this article was first published by AMM sister publication Steel First.

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