The apparent consumption of galvanized sheet (HDG) in Mexico was increased 12.6 percent in June, year-over-year, to 367,000 metric tons (mt). The percentage increase is the highest in at least so far this year, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis.
For the third consecutive month, HDG is the second largest steel product consumed in Mexico, only surpassed by hot rolled coils (HRC) in that period.
Production increased 7.9 percent, year-over-year, in June to 274,000 mt, the third consecutive annual increase and the fourth in the first six months of the year. HDG production is the third most important in Mexico, only surpassed by HRC and rebar.
The national production of HDG contributed 74.7 percent of the total consumption, 3.3 percentage points less compared to the same month last year.
The flow of HDG international trade in June decreased 6.7 percent to 166,000 mt. Exports decreased 32.1 percent, year-over-year, totaling 36,000 mt. Imports increased 4.0 percent to 130,000 mt.
In the first half, consumption increased 3.0 percent to 2.16 million mt, production increased 2.7 percent to 1.64 million mt. Trade flow decreased 11.7 percent to 977,000 mt. Imports decreased 6.8 percent to 751,000 mt and exports decreased 24.5 percent to 226,000 mt.