Construction, mining slowdowns hit industrial output in Mexico

Mexico’s industrial output fell by 1.6% year-on-year in September, mainly due to a reduction in mining and construction activity, according the country’s statistical agency, Inegi.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The fall was driven by declines in both the construction and mining industries, it said.

Construction activity dropped by 8.3%, leading to a reduction in the demand of materials such as iron ore, steel profiles and steel pipes, Inegi said.

Mining output went down by 1.2%.

Manufacturing output and utilities production, on the other hand, increased by 1.2% and 1%, respectively.

The country’s industrial output has been falling over the past few months, according to Inegi figures.

However, in August when industrial output was down 0.7% year-on-year, crude steel production was up 10% to 1.6 million tonnes, according to preliminary figures from Latin America’s steel association, Alacero.

Mexico’s steel association, Canacero, has not released figures for August.

What to read next
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.