After two months with annual increases of more than 20 percent in rebar consumption in Mexico, in April consumption increase only 2.7 percent, year-over-year, to total 343,000 metric tons (mt), according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis.
Rebar was the third product with the highest consumption in finished steel products in Mexico. In production it was first with 369,000 mt, 2.1 percent or 8,000 mt less compared to April last year.
In exports, the volume of rebar plummeted 31.0 percent year-over-year in April to total 29,000 mt, the lowest level at least so far this year.