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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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December 2017 | North American Steels


Mexican steel sector to benefit from robust economic performance: Mexico and Canada Highlights


The construction sector in Mexico has been showing disappointing rates of growth in 2017, and, according to data from Oxford Economics (OE), output in construction declined by 1% year-on-year in Q2, the first decrease since the last quarter of 2015.

Mexican economy has been showing strong rates of growth at around 2% this year, with the latest report from the Organization for Economic Co-operation and Development (OECD) projecting that the Mexican economy will continue to grow at a similar pace in 2018 and 2019. In particular, the OECD pointed out that the Mexican construction sector is expected to pick up to compensate for damaged residential buildings during September’s earthquakes.

The construction sector in Mexico has been showing disappointing rates of growth in 2017, and, according to data from Oxford Economics (OE), output in construction declined by 1% year-on-year in Q2, the first decrease since the last quarter of 2015. Looking forward, OE’s forecast is in line with OECD...

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