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Decline in wire rod usage and production in Mexico

The National Chamber of the Iron and Steel Industry in Mexico (Canacero) has released data indicating a significant decline in the usage and production of steel wire rods in March.

Decline in wire rod usage and production in Mexico

According to the report, the apparent consumption of steel wire rods fell to approximately 192,000 tons, down by 9.9% from 213,096 tons recorded the same month last year—a decrease of about 21,096 tons.

Parallel to the decrease in usage, production also suffered a sharp decline. Figures show that production dropped to about 173,000 tons, reflecting a 17.6% decrease from the previous year's production of approximately 209,951 tons, marking a reduction of around 36,951 tons. These levels represent one of the lowest points in both production and consumption over the last two years.

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