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

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February 2020 | Steel Forecaster


North America regional data focus: 10 February 2020


Weak end-user demand across most sectors is Mexico is likely to weigh on the steel price level in the country, while producers will have to continue limiting their output and rely on export markets.

Supply/Demand Fundamentals: According to the latest data from the World Steel Association, crude steel production in both Canada and Mexico declined last year, down by 4.9% and 8.0% respectively. In Mexico, the manufacturing PMI indicator was weak across 2019 and dropped to 47.1 in December, down from 48.0 in the prior month, representing the sharpest...

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