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How is the Steel Structure Market in Mexico Now?

2020-11-12

As the important steel structure market, it is common that Mexico is a major focus for steel structure suppliers around the world. 

In 2018, Mexico’s top import sources by volume varied across types of steel products, though the United States held the first spot for 3 of the 5 product categories. In 2018, the U.S. accounted for the largest share of Mexico’s imports of flat products at 35 percent (2.4 million metric tons), long products at 35 percent (510 thousand metric tons), and stainless steel products at 58 percent (386 thousand metric tons.) Japan and South Korea were notable sources of flat products for Mexico, accounting for 22 percent (1.5 million metric tons) and 20 percent (1.3 million metric tons respectively. Canada accounted for the largest share of Mexico’s pipe and tube imports in 2018 at 31 percent (182 thousand metric tons), followed closely by the United States at 28 percent (163 thousand metric tons). Brazil occupied the top spot for Mexico’s imports of semi-finished products at 63 percent (928 thousand metric tons), followed by Russia at 30 percent (434 thousand metric tons).

In 2018, the share of steel exports sent to Mexico from its top import sources increased in 6 of the top 10 sources. The share of the Netherlands’ steel exports to Mexico showed the largest increase (up 1.2 percentage points), followed by the United States (up 1.1 percentage points), South Korea (up 0.9 percentage points) and Russia (up 0.7 percentage points). Export shares to Mexico in China, and Germany each increased by less than one-third of a percentage point. Brazil’s share of steel exports to Mexico decreased the most with a decline of 2.5 percentage points, while export shares in Taiwan, Japan and Canada each all decreased by less than a percentage point.
Among Mexico’s top import sources, the United States and Canada sent some of the largest shares of their total steel exports to Mexico in 2018. Flat products accounted for the largest shares of exports to Mexico from the United States at 68 percent (2.3 million metric tons), while long products accounted for 59 percent (266 thousand metric tons) of Canada’s exports to Mexico.

 

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