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Mexico's rebar consumption up in July

Mexico's rebar consumption increased 11.6% in July, accounting for 23.9% of total steel output. Production fell 1.1%, while exports fell 58.2%.

Mexico's rebar consumption up in July

In July, Mexico's rebar consumption increased by 11.6% to 328 metric tons, marking the second increase in the year. Rebar is the fourth largest finished steel product in Mexico and the first in terms of production.

Production fell 1.1% to 345,000 tons, marking the fourth consecutive annual decline. Despite this, rebar production accounted for 23.9% of total steel product output in the seventh month of this year.

Rebar exports fell 58.2%, down from 32,000 tons to 23,000 tons. In May 2023, the lowest export volume was 21 thousand tons, compared to 77 thousand tons in May last year.


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