Market Report, "Mexico Metals Report Q2 2014", Published
We forecast strengthening Mexican macroeconomic fundamentals from 2014 through 2018 will lead to solid production and consumption growth of steel. We expect expansion of the automotive, manufacturing, construction, and oil and gas sectors, all of which rely on steel as an input, through our forecast period as the Mexican economy continues to recover from recent economic weakness. Still, domestic producers are likely to face pressure from foreign imports, given global steel market overcapacity, though recent import rule changes should curtail...
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