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Steel industry in Mexico

According to La Cámara Nacional el Hierro y el Acero (Canacero) Mexico ranked 15th as a world producer of crude steel in 2021 and generated 672,000 direct and indirect jobs, with an investment of $14,461 mdd in the last 10 years, that is, from 2012 to 2021.

A total of 18.5 million tons of crude steel were produced in 2021, a figure that represented a reduction of -8.3% compared to the record figure achieved in 2018. The consumption of finished steel products per capita was 203 kg per year, while the average global consumption was 233 kg per year.

Among the main steel producers published by the radiography are: ArcelorMittal Mexico, AHMSA, DEACERO, Ternium Mexico, Grupo Acerero, Grupo Simec, Tyasa, Gerdau Corsa and Tenaris TAMSA.

The products they manufacture are: slabs, billets, plate (sheet-roll), hot sheet, cold sheet, galvanized, chrome-plated and tin-plated sheet, rod, wire rod, wire and derivatives, bars, tubes, among others.

In 2023 in Mexico, according to the Worldsteel Short Range Outlook October 2022, apparent steel consumption will grow by 3.0%. In 2023, global steel demand will recover by 1.0% to reach 1.814 Mt. The current forecast assumes a drop with respect to the 2021 forecast, due to persistently high inflation and rising interest rates worldwide.

However, infrastructure demand is expected to increase in 2023 and therefore steel demand will increase.

The recovery of steel demand in developed economies experienced a major setback in 2022; however, by 2023, the automotive sector is expected to maintain positive momentum thanks to pent-up demand and the relaxation of supply chain constraints.

This is how steel demand, especially in industrially developed countries is expected to recover by 0.2 percent in 2023, after recovering by 16.4 percent in 2021 from 2019's pandemic drop of 12.3 percent.