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Volume of liquid steel consumption in Mexico up 17.8 percent in November-紧固件展-2024第二十四届广州国际紧固件及设备展览会-巨浪展览-The 24th China(Guangzhou)Int’l Fastener & Equipment Exhibition
1/15/2024 紧固件展-紧固件采购会-国际紧固件展-fastener expo |
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For the sixth consecutive time this year, the volume of liquid steel consumption in Mexico grew by double digits with anincrease of 17.8 percent in November, year-over-year, to 2.73 million metric tons (mt). ln contrast, productionmaintained the negative trend of the last 12 months. according to data from the Mexican Chamber of the lron andSteel Industry (Canacero) reviewed by SteelOrbis
_iquid steel production in Mexico registered the 12th consecutive annual decline, decreasing 9.2 percent in Novemberyear-over-year, to 1.36 million mt.
This negative trend is partly explained because since the beginning of last year, one of the largest steel companies inthe country, Altos Hornos de Mexico (AHMSA), has been paralyzed by insolvency.
With the negative production trend, it is the seventh consecutive time in at least the last 37 months that consumptiondoubles the volume of steel produced in Mexico. For every 100 mt of steel consumed. Mexico manufactured half. the
rest was compensated with imports.On the finished steel products side, in November, consumption increased 17.5 percent, year-over-year, to 2.41 milionmt. the 12th consecutive annual increase.
The production of finished steel products in Mexico returned to positive teritory. In November it increased 1.8 percent.
year-over-year.
in the accumulated period. January-November, the production of liquid steel was 14.9 million mt. 11.9 percent lesscompared to the same period in 2022. In contrast, the consumption of liquid steel in the same period increased 15.0percent to 29.9 million mt.
For its part, the manufacturing of finished steel products accumulated until November was 17.8 milion mt. 1.4 percentess compared to the same period in 2022. Meanwhile, accumulated consumption totaled 26.4 milion mt,14.9 percent
more in the period.Data from The World Steel Association from 2022 places Mexico as the 14th largest producer of liquid steel in theworld.
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