The demand for steel products in Mexico will consistently exceed supply in the next few years. Mr. Juan Carlos Villarreal, president of the planning commission of the largest steel company in the Cananero region, told our publication about this.
Mexico's GDP growth in 2013 at the level of 3.5% and the expected growth of industrial production by 3.3% will require more than 25 million tons of steel from metallurgy this year. As you know, in 2012, Mexico produced "only" 19 million tons of metal products. Mr. Villarreal said that the gap between supply and demand will continue to widen - to 7 million 400 thousand tons in 2014 and 7 million 500 thousand tons of steel in 2015.
Economic growth in South America over the next three years will be more than 14.8%, while steel production will grow by 9.6%. It is becoming obvious that by 2015 the deficit of rolled metal products of its own production in Mexico will amount to more than 21%, which, according to analysts www.himal.ru , will lead to a significant increase in steel imports.
According to data obtained in the analytical service Cananero, over the past year, steel imports to Mexico increased by 38.5% compared to 2011 and amounted to 9 million 600 thousand tons. Cananero President Alonso Ankira Elizondo is very concerned about the influx of cheap Chinese metal into the country, which threatens to overwhelm all of Mexico and calls on the government of the country to take decisive measures to protect the steel industry.
