Since the beginning of 2013, Mexico's economic environment has started to change from the end of the previous year, in February 2013, the Mexican global economic index (IGAE) fell 0.96% to 0.19%.
In addition, compared with the same period last year, the cumulative index of industrial production in Mexico increased 2.9%, domestic steel production increased 4%. In contrast, steel demand was instability. The demand for steel was mainly affected by the impact of the construction industry: the size of the construction industry decreased 0.9%, while total output grew 9.8% in the automotive industry, which also affected the demand for steel.
The report noted that from January to February, Mexico's steel consumption over the same period in 2012 decreased 4.6% to 3700000 metric tons. At the same time, the first two months in 2013, Mexico's steel imports fell 13.5%, exports increased 34.4%, Mexico's steel trade deficit decreased 44.7% according to the volume of transactions, and the steel trade increased about 366.4 million dollars compared to the same period in 2012.
