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Value of production of steel and steel products in Mexico falls 6.0 percent in December-鑄件展-鑄件采購會-國際鑄件展-鑄造工業展-2024第二十四屆廣州國際鑄件產品及鑄造工業展會-巨浪展覽-The 24th China(Guangzhou )Int’l Casting product Exhibition
3/5/2024 鑄件展-鑄件展會-casting expo-casting exhibition |
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The combined value of production of the "Basic iron and steel industry" and "Manufacture of iron and steel productssectors in Mexico decreased 6.0 percent in December, year-over-year, the 18th consecutive annual decline, accordingto SteelOrbis analysis of data from the national statistics agency lnegi.
The value of production of the two industries in December was MXN 43.80 bilion ($2.51 billion). This amountrepresents 67.1 percent of the total value of production of the Basic Metals Industry.The value of production of the basic iron and steel industry, which includes steel complexes, registered an annualdecrease of 18.3 percent, year-over-vear, totaling the eauivalent of $1.1 bilion. it is the seventeenth consecutiveannual decline. This industrial branch contributed 28.8 percent of the total value of production of the Basic MetalsIndustry.
Internally, the value of the production of the steel complexes was the equivalent of $739 milion, 20.4 percent (variationmeasured in pesos) less compared to December 2022. it is also the seventeenth consecutive annual decrease. Thecomplexes contributed 19.7 percent of the total production value of the Basic Metals industry.
Separately, in December, the manufacturing of iron and steel products broke the negative trend of the last 17 monthswith a year-over-year increase of 6.0 percent, totaling the equivalent of $1.44 bilion. This industry contributed 38.3percent of the total value of production of the Basic Metals IndustryIn all of 2023, the joint production value of the two industries was the equivalent of $31.38 bilion, 18.5 percent less(variation measured in pesos). The accumulated value of the basic iron and steel industry was the equivalent of $13.03bilion, a variation that in Mexican pesos represented a decrease of 25 3 percent. in the steel complexes it was $8.83billion, 27.0 percent less
The accumulated value of the manufacture of iron and steel products totaled the equivalent of $18.35 bilion, a figurethat in pesos represented an annual decrease of 12.8 percent compared to 2022
According to lnegi, steel complexes include primary smelting of iron, steel, finished steel products such as tubes, hotrolled sheet coils (HRC), cold rolled sheet coils (CRC), steel structures, commercial profiles , wire rod, rods, amongothers.
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