The apparent consumption of wire rod in Mexico broke the negative streak of the first three months of the year by growing 9.5 percent, year-over-year, in April with 218,000 metric tons (mt), according to data from the Mexican Chamber of Industry of Iron and Steel (Canacero) reviewed by SteelOrbis.
In January, there was no growth (zero percent) in wire rod consumption, in February it decreased 4.5 percent and in March it decreased 17.8 percent. Considering the production level of April, the increase from March is equivalent to the production of 2.8 days.
Wire rod is the fifth product with the highest consumption and the highest manufacturing level of finished steel products in Mexico.
Wire rod production decreased 15.9 percent or 39,000 mt to total 207,000 mt in April. That volume contributed 95.0 percent of consumption.
Wire rod exports, meanwhile, decreased 86.8 percent in April, totaling only 7,000 mt.