The apparent consumption of cold rolled coils (CRC) in Mexico returned to negative territory with a new drop in July, decreasing 2.0 percent, year-over-year, to 340,000 metric tons (mt). In the first seven months of the year, consumption decreased six times, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis.
In the last three months, the CRC is the third finished steel product with the highest consumption in Mexico and the fourth in production.
CRC production registered its seventh annual drop, decreasing in July by 19.5 percent, year-over-year, to 214,000 mt
In the international market, the commercial flow of CRC increased 12.8 percent to 141,000 mt. Imports of CRC increased 30.1 percent to 134,000 mt. In contrast, CRC exports plummeted 68.2 percent to 7,000 mt in July.
In the accumulated seven months, to July, CRC consumption decreased 7.4 percent or 189,000 mt to 2.38 million mt and production decreased 15.2 percent, compared to the period January-July 2022, to 1.70 million mt.
Cumulative trade flow decreased 9.3 percent or 88,000 mt to 857,000 mt. Imports increased 30.1 percent or 31,000 mt to 134,000 mt. Exports decreased 68.2 percent to only 7,000 mt.