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(Steel pipe,Steel bar,Steel sheet)Mexican steel companies report record employment levels in February
The steel industry in Mexico registered a labor record with 142,269 workers in February of this year, 7.0 percent or 9,274 more workers compared to the same month in 2022. It is the second consecutive record and the seventh in the last seven months, reveal official data obtained by SteelOrbis. Th...Read more -
(Steel pipe,Steel bar,Steel sheet)Mexico’s steel industry production value down 19.1 percent in January
The value of production in the Mexican steel industry decreased 19.1 percent, year-over-year, in January, totaling MXN 13,857 million, a figure that at today’s exchange rates represents $727 million. It is the sixth monthly contraction, according to data from the national statistics agency ...Read more -
(Steel pipe,Steel bar,Steel sheet)Production of auto parts in Mexico could grow 2.2 percent in 2023 to $109 billion
Mexico’s National Auto Parts Industry (INA), the fourth largest in the world, estimated for 2023 a record year in employed workers and in production value with $109 billion dollars, the business chamber said in a statement. The value of auto parts production in 2022 was $106.6 billion and w...Read more -
(Steel pipe,Steel bar,Steel sheet)US raw steel production up 1.2 percent week-on-week
According to the American Iron and Steel Institute (AISI), in the week ending on February 25, 2023, US domestic raw steel production was 1,674,000 net tons while the capability utilization rate was 74.9 percent. Production for the week ending February 25, 2023 is up 1.2 percent from the previous ...Read more -
(Steel pipe,Steel bar,Steel sheet)Construction value in Mexico grows 13.3 percent in December
The value of works in the construction industry in Mexico, one of the largest consumers of steel, registered a real increase, year-over-year, of 13.3 percent in December 2022. It is the 21st consecutive annual increase, according to the SteelOrbis analysis to data released today by national stati...Read more -
(Steel pipe,Steel bar,Steel sheet)Canadian manufacturing sales down 1.5 percent in December
According to Statistics Canada, manufacturing sales fell 1.5 percent to $71.0 billion in December, the second consecutive monthly decrease. Sales decreased in 14 of 21 industries in December, led by the petroleum and coalproduct (-6.4 percent), wood product (-7.5 percent), food (-1.5 percent) and...Read more -
(Steel pipe,Steel bar,Steel sheet)US rig count drops while Canadian count increases week-on-week
Baker Hughes has reported that for the week ending February 3, 2023, the US rotary rig count declined by 12 to 759 rigs. The number of rigs drilling for gas decreased by two to 158, while the number of rigs drilling for oil decreased by 10 to 599. The overall US rig count is up by 146 rigs in a y...Read more -
（Steel pipe,Steel bar,Steel sheet）US merchant bar exports down 2.9 percent in November
According to export data from the US Department of Commerce, US exports of light-shaped bar (merchant bar) totaled 5,726 mt in November 2022, down 2.9 percent from October but up 21.6 percent from November 2021. By value, merchant bar exports totaled $6.9 million in November, compared to $7.4 mil...Read more -
（Steel pipe,Steel bar,Steel sheet）US raw steel production up 1.1 percent week-on-week
According to the American Iron and Steel Institute (AISI), in the week ending on January 21, 2023, domestic raw steel production was 1,620,000 net tons while the capability utilization rate was 72.5 percent. Production for the week ending January 21, 2023 is up 1.1 percent from the previous week ...Read more -
（Steel pipe,Steel bar,Steel sheet）producers cut output amid weak demand
Many major steelmakers expect challenging market conditions in the fourth quarter. Consequently, MEPS has lowered its stainless steel production forecast, for 2022, to 56.5 million tonnes. The total outturn is projected to rebound to 60 million tonnes in 2023. Worldstainless, the body representin...Read more -
The structural steel market(Steel pipe,Steel bar,Steel sheet) is expected to grow at a CAGR of 6.41% during 2022-2027
NEW YORK, Nov. 23, 2022 /PRNewswire/ — The structural steel market is expected to grow at a CAGR of 6.41% during 2022-2027. MARKET INSIGHTS Structural steel is carbon steel, meaning carbon content is up to 2.1% by weight. Therefore, we can say that coal is the essential raw material for str...Read more -
World Steel Association: October 2022 crude steel production Unchanged（Angle bar,Flat bar,U beam,H beam）
World crude steel（Angle bar,Flat bar,U beam,H beam） production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.3 million tonnes (Mt) in October 2022, a 0.0% change compared to October 2021. Crude steel production by region Africa produced 1.4 Mt in October 202...Read more