For the second consecutive month, the apparent consumption of cold rolled coils (CRC) in Mexico remained in positive territory with an increase, rising 15.8 percent, year-over-year, to 367,000 metric tons (mt). It is the second largest percentage increase and the second largest volume consumed in the year, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis.
In the last seven months, CRC is the third most consumed finished steel product in Mexico and the fourth in production.
Production recorded its ninth consecutive annual decline, dropping 6.5 percent, year-over-year, to 243,000 mt.
In the international market, CRC trade flow increased 51.6 percent to 144,000 mt. Imports increased 76.3 percent to 134,000 mt. In contrast, Mexican CRC exports to the world plummeted 47.4 percent, going from 19,000 mt in September of last year to 10,000 mt in the same month of the current year.
In the accumulated period until September, CRC consumption decreased 3.0 percent to 3.12 million mt and production decreased 13.7 percent, compared to the January-September 2022 period, to 2.18 million mt.
The accumulated trade flow decreased 1.0 percent to 1.17 million mt. Imports increased 12.7 percent to 1.06 million mt. Exports decreased 53.7 percent to only 113,000 mt.
According to Canacero data, in Mexico the only CRC producers are AHMSA (paralyzed due to insolvency), Ternium and Tyasa.