After five consecutive months of contraction, apparent consumption of cold rolled coils (CRC) in Mexico increased 8.4 percent in June, year-over-year, to 348,000 metric tons (mt), 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.
Despite the recovery in consumption, production recorded its sixth annual drop. In June it decreased 16.1 percent, year-over-year, to 219,000 mt.
In the international market, the CRC flow increased 22.6 percent to 130,000 mt. The import registered an explosive growth of 61.0 percent to 124,000 mt; In contrast, the export of Mexican CRC to the world plummeted 79.3 percent, going from 29,000 mt in June last year to 6,000 mt last June.
In the accumulated six months to June, CRC consumption decreased 8.2 percent to 2.03 million mt and production decreased 14.5 percent, compared to the period January-June 2022, to 1.49 million mt.