You are here: Home > Steel News > Latest Steel News > Production...

Production of basic metal in Mexico falls 24.9 percent in March

Monday, 13 May 2024 08:44:39 (GMT+3)   |   San Diego
       

The volume of production of the Basic Iron and Steel Industry, which includes finished products and semi-finished products (ingots, slabs, billets), registered a contraction of 24.9 percent in March, year-over-year, which is the fifteenth consecutive annual decline, according to SteelOrbis analysis of data from the national statistics agency Inegi.

The March contraction is also the most drastic drop in the last 45 months (since July 2020). It is also one of the worst contractions in the last 30 years.

The drop in production in the steel industry is coupled with the 5.0 percent drop in the manufacturing industry and the 3.0 percent drop in all industrial production in Mexico (manufacturing, mining, construction and energy).


Similar articles

Fatal accident at Simec plant in Mexico

31 Oct | Steel News

Mexican GASA reduces losses by 37 percent in Q3

30 Oct | Steel News

Mexican steelmaker Simec posted 75 percent increase in net income in Q3

30 Oct | Steel News

Mexican Grupo Collado net income up 332 percent in Q3

30 Oct | Steel News

Kloeckner Metals' Mexican subsidiary receives $150 million syndicated loan to decarbonize

29 Oct | Steel News

Mexico's automotive exports fall to lowest level in 17 months in September

29 Oct | Steel News

Iron ore imports to Mexico up 3.8 percent in August

29 Oct | Steel News

Mexico's auto trade flow down 1 percent in August to $24.2 billion

28 Oct | Steel News

Scrap metal import value to Mexico down 0.5 percent in August

28 Oct | Steel News

Steel employment in Mexico hits new record in September

28 Oct | Steel News