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Mexico Metals Report 2016

Mexico Metals Report 2016

BMI View: Mexico is one of the largest producers and consumers of steel in the world, yet the country'ssteelmakers have found themselves faced with increasing competition from a recent surge in cheap steelimports from abroad while global steel prices have also fallen dramatically. While we believe the industryis robust enough to withstand these headwinds, a number of producers have moved to limit capacity andstreamline their workforces. We nevertheless expect output to begin expanding again from 2016 as a strongeconomy and robust demand drive growth.

2016 should see growth in Mexico's crude steel production following an estimated contraction in output ofjust under 2% in 2015. Like those in many other countries, Mexico's steelmakers have been negativelyaffected by a growing Chinese steel surplus and, more specifically, by a significant increase in exports ofcrude and some refined steel products from the country over recent quarters.


BMI Industry View
SWOT
Metals SWOT
Industry Forecast
Steel: Imports Curb Growth, But Local Production To Recover
Table: Steel Production & Consumption (Mexico 2012-2019)
Table: Steel Industry Historical Data (Mexico 2006-2013)
Regulatory Development
Recent Developments
Business Environment To Remain Supportive
Tax Regime
Corruption To Continue
Table: Political Overview
Commodities Forecast
Commodities Outlook
Table: BMI Commodities Price Forecasts
Competitive Landscape
Table: Mexico - Major Metals Producers
Company Profile
ArcelorMittal
Company Overview
Company Strategy
Latest Financial Results
Company Details
Financial Data
Table: ArcelorMittal - Key Financial Data
Methodology
Cross Checks

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