Historic low in Mexican iron ore pellet production in March

Notably, Inegi has stopped publishing detailed production data for iron ore pellets from Monclova, Coahuila, as of January last year. This region is pivotal due to its association with Altos Hornos de México (AHMSA), a major steel industry giant that operates extensive iron mines in the north of Mexico.

Parallel to the challenges in the iron sector, the Mexican steel industry has been facing a protracted downturn, with a steady monthly decline of 11.1% over the last 16 months when compared to the previous year.