Research and Markets has proclaimed the inclusion of a new report titled ‘Mexico Metals Report Q1 2011’ to its list of offerings.
The report offers competitor analysis and outlook about the metals market in Mexico. According to the BMI report, robust growth is expected in the Mexican steel industry in view of the expected investment into capacity increase in the steel segment in the coming five years. Strong growth is also attributed to rapid export growth and local demand.
The output of the crude steel increased 20% to 16.63mn tons in 2010 compared to 2009. The output value was less than BMI's forecast value of 16.87mn tons due to the struggling of the downstream production sector. Canacero reported that manufacture and consumption in the Mexican steel industry would increase by 15% in 2011 based on the constant increase in exports to the United States, economic growth rate of 4% and resurgence in the residential housing construction.
As per the report, in 2011 the crude steel output is expected to increase 13.6% to 18.89mn tons due to reduced GDP growth and construction forecasts. Even though the average construction segment growth should be 4% per year in the period 2011 to 2015, it will substantially be influenced by the National Infrastructure Plan that deals with the blockages in infrastructure capacity.