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

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May 2019 | North American Steels

The construction industry slows in both Canada and Mexico: Mexico and Canada Highlights

The automotive sector in Mexico has been performing better, and after a 0.6% fall in light vehicle production last year, output increased by 3.0% in the first quarter of 2019.

Mexico’s economy shrunk in the first quarter of the year with GDP recording a 0.2% fall compared with the fourth quarter of 2018. On an annualized basis, growth slowed to 1.3%, down from 1.7% in Q4. Weaker economic performance translated into slowing activity in the construction sector, and in the first two months of the year public construction output declined by 4.7% compared with the same period of 2018. This led to a fall in apparent rebar consumption, as it declined by 13.7% in the same period, hitting local production levels. According to the latest data from the Mexican steel association Canacero, in the first quarter of the year rebar production in Mexico declined by 10.3% year-on-year to...


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