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Mexico's wire rod production dropped for the fifth month in a row

Mexico's wire rod production fell Y/Y in May, according to statistics from Canacero, the Mexican steel industry association.

Mexico's wire rod production dropped for the fifth month in a row

In May 2023, Mexico's wire rod production fell by 19.7% y-o-y to around 233,000 tons. This represents the fifth consecutive decrease.

The country's apparent steel consumption fell by 5.4% y-o-y to around 246,000 tons. In the same month, Mexico's wire rod exports fell by 87.8% to 5,000 tons.

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