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 Inegi, released today and analyzed by SteelOrbis.
After 19 consecutive months (January 2021 to July 2022) of growth and from August 2022 to January 2023, there are six declines in the nominal value or “current pesos”(with inflation) of the production of the steel complexes, reveal data from the Inegi. The percentage variation is with respect to the value in pesos.
The steel complexes include the primary casting of iron, steel, finished steel products such as tubes, hot rolled coil
(HRC), cold rolled coil (CRC), steel structures, commercial profiles, wire rod, rebar, among others.
(Steel pipe,Steel bar,Steel sheet)Mexico’s steel industry production value down 19.1 percent in January
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Post time: Mar-15-2023