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

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March 2019 | North American Steels


Government construction spending supports rebar consumption in Mexico: Mexico and Canada Highlights


The majority of Mexican rebar exports goes to neighboring Central and South American countries, but last year there was a significant increase in exports to the US.

Apparent consumption of rebar in Mexico improved last year after a weak 2017. In 2018 as a whole rebar consumption reached 3.88 million tonnes, a 7.3% year-on-year increase, reversing the negative trend registered in 2017, when apparent consumption fell by 6.3%. As import volumes remained negligible (0.8% of consumption), the increase benefitted local producers, and their rebar output rose by 8.5% year-on-year. Mexican mills have also significantly increased their rebar exports, which last year totaled 396,682 tonnes, a 17.0% rise compared with volumes sent abroad in 2017.

The majority of Mexican rebar exports goes to neighboring Central and South American countries, but last year there was a significant increase in exports to the US. Before an...

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