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Mexican steel output dips 12.5% in April vs. March

Keywords: Tags  Mexican steel production, steel imports, trade deficit, Rodrigo Alonso

LONDON — Mexican crude steel production fell 12.5 percent month on month to 1.4 million tonnes in April, "the lowest level in the last 13 months," according to the country’s steel association, Canacero.

Output reached 1.6 million tonnes in March this year, Canacero said.

Mexico’s steel product imports increased to 800,000 tonnes in April, up 33 percent month on month.

Between January and April this year, imports—particularly from China—increased 16.7 percent to 174,000 tonnes, the association said.

The Mexican steel industry continues to have a large steel trade deficit, Canacero warned.

In the first four months of 2013, the trade deficit totaled 253,000 tonnes, it said.

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