Apparent consumption of galvanized sheet (HDG) in Mexico increased 5.1 percent, year-over-year in April, to 395,000 metric tons (mt). Thus, it returns to the positive trend of the last nine months, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis.
For the fifth consecutive month, galvanized sheet was the third most consumed finished steel product in the Mexican economy. From April to November 2023, it was the second most consumed product.
In the last 12 months to April, consumption increased 10 times and decreased in May of last year (4.8 percent, year-over-year) and last March (3.5 percent).
In April, production decreased 0.7 percent, year-on-year, to 285,000 mt. It was the second consecutive annual decline, after a positive streak of 11 months (April 2023 to February 2024).
In the accumulated four months to April, consumption increased 4.5 percent to 1.49 million mt and production decreased 0.2 percent to 1.09 million mt.
In the international market, imports to Mexico from January to April increased 16.6 percent to 556,000 mt and exports decreased 1.9 percent to 113,000 mt.
Industry data shows that the producers of galvanized sheet in Mexico are Ternium, Tyasa, Posco México, Villacero, Nucor-JFE Steel México and Galvasid (LM Group).