Mexico National Steel Association Canacero data show that in 2017, the production of crude steel in Mexico rose by 6.2% to 20 million tons over the same period.
Canacero said the main reason for the increase in production was that the production of semi-finished products rose by 32%. In 2017, the output of finished products rose by only 0.1% over the same period.
The association did not publish the specific output data of each variety.
Last year, the annual capacity of the Mexico steel industry was 29 million 500 thousand tons, and the productivity utilization rate was 68%, which indicated that the total output would be around 20 million 60 thousand tons.
However, the consumption of steel in 2017 reached 29 million 700 thousand tons, up 4.40% from the same period.
These data are in line with the annual forecast data of 20 million 400 thousand tons and 29 million 800 thousand tons of consumption made by the association in November 2017.
"The growth of steel consumption in the second half of 2017 was considerable." Canacero says.
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