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Mexican crude steel production increases in H1 of 2014

The Mexican steel industry reported an increase of 9.5% in crude steel production in the H1 of 2014 compared to the same period last year, which reached and production levels prior to the start of the crisis in the global market.

The National Chamber of Iron and Steel Industry (Canacero) said that domestic crude steel production reached 9.65 million tonnes up 835,000 tonnes from the same period of 2013.

Meanwhile, in response to reports that the production of liquid steel in June stood at 1.55 million tonnes, 16% more than the same month of 2013, the agency argued that the increase is a result of increased utilization of production capacity and maturation of new investments by companies, primarily to generate higher value added steels and more responsive to demand from sectors such as automotive and petroleum, among others.

In the January to June period, domestic steel consumption grew 14.7% over the same period in 2013, from 11.43 million tonnes to 13.11 million tonnes.

Source – steelorbis


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