Apparent consumption of cold rolled coils (CRC) in Mexico decreased 9.0 percent, year-over-year, in May to 355,000 metric tons (mt), the fourth consecutive annual decline, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis.
CRC was the third most consumed finished steel product in Mexico and the fourth in production.
Production in May registered the worst drop so far this year with a drop of 20.7 percent or 64,000 mt to 245,000 mt, the steepest drop so far this year, up from 11.1 percent in April, 15.6 percent in March and 18.0 percent in February.
In the international market, exports practically disappeared by decreasing 29.0 percent, totaling only 9,000 mt. In contrast, imports increased 8.2 percent to 119,000 mt. The commercial flow decreased 7.9 percent to 128,000 mt.
In the accumulated five months to May, CRC consumption decreased 11.0 percent to 1.69 million mt and production decreased 14.2 percent, compared to the period January-May 2022, to 1.26 million mt.
According to data from Canacero, in Mexico the only CRC producers are AHMSA (paralyzed due to insolvency), Ternium and TYASA.