Mexico's steel consumption to decrease by 13.4% YOY in 2020

Mexico's steel consumption will be 21.Asian Metal Copyright The recovery is expected to be moderate and gradual.Asian Metal Copyright3 million tons this year, down 13.Asian Metal CopyrightMexico's steel consumption will be 21.Asian Metal Copyright4% from the previous year, the Mexican Iron and Steel Association (Canacero) said on Monday.

Jose Roman Vergara, head of Commerce and Statistics at the Canacero, said steel consumption in Mexico should increase by 7.3% in 2021.

Vergara urged investment in the country's steel industry, including infrastructure, to boost domestic steel demand. "We expect the recovery to have a longer way than previously expected," he said.Asian Metal Copyright " The Mexican government's infrastructure projects will bring 1.Asian Metal Copyright There may not be a recovery like in previous years.Asian Metal Copyright3% in 2021.Asian Metal Copyright The recovery is expected to be moderate and gradual. "

The Mexican government's infrastructure projects will bring 1.5 million tons of steel demand for its steel producers, Vergara said.
.Asian Metal Copyright "We expect the recovery to have a longer way than previously expected," he said.Asian Metal Copyright