According to a media report from El Financiero, Jose Roman Vergara, trade commerce and statistics director at Canacero, said Mexican domestic steel consumption should then increase 7.3 percent year-over-year in 2021.
“We expect a horizontal recovery which might take much longer (than expected). There isn’t a recovery that would be like what we had in the previous years. We expect a moderate recovery, which should be gradual,” he said at an online conference.
Vergara said infrastructure projects run by the Mexican government could generate 1.5 million mt in steel demand for local steelmakers. Such projects could benefit steelmakers like Ternium Mexico, Deacero and Villacero, the media report said, citing market analysts.