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Mexico’s crude steel output logs 8.6% gain

Keywords: Tags  Mexico, Mexico crude steel production, steel, Canacero, North American Free Trade Agreement


MEXICO CITY -- Mexico’s crude steel production reached rose 4 percent year on year to 2.97 million tonnes in the first two months of this year, according to national steel association Canacero.

Considering the results, the association believes Mexico “has had the highest level of production over the past four years.”

Consumption of finished steel products totaled 3.76 million tonnes, down 4.6 percent in the same comparison.

Mexican steel consumption declined mainly due to lack of activity in the construction sector, which fell 0.9 percent during the period, according to Canacero.

Imports of steel products decreased 13.5 percent year on year to 1.45 million tonnes in the January-to-February period, while exports rose 34.4 percent to 89,000 tonnes in the same comparison.

Steel imports increased from some countries outside the North American Free Trade Agreement (Nafta) area.

Shipments from Ukraine rose 84.5 percent year on year to 28,340 tonnes in the first two months, while those from China gained by 57 percent and from Brazil by 11.8 percent.

The Mexican steel trade deficit fell 44.7 percent in terms of volume compared with the first two months of 2012, representing $366.4 million during the period, Canacero said.


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