2014-01-22 22:05:39 - New Materials market report from Business Monitor International: "Mexico Metals Report Q1 2014"
BMI forecasts that Mexico's strong domestic macroeconomic fundamentals over our forecast period through 2017 will lead to solid growth in both steel production and consumption. We see steel-intensive growth in the automotive, manufacturing, and infrastructure sectors as Mexico's economy matures further. Recent energy sector reform provides significant upside potential and is likely to increase steel consumption, as is investment into oil and gas infrastructure. However, domestic producers will still come under pressure from foreign imports, given global steel market overcapacity. We forecast annual steel production and consumption growth to average 3.9% and 4.4% over 2014-2017, respectively.
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