Mexican HDG consumption rises 17.5 percent in September

15 November, 2023 by

Hot-dipped galvanized sheet (HDG) consumption in Mexico exhibited a consistent upward trend, marking its fourth consecutive annual surge in September at 17.5 percent year-over-year, reaching 403,000 metric tons (mt). The data, sourced from the Mexican Chamber of the Iron and Steel Industry (Canacero) and analyzed by SteelOrbis, revealed that HDG maintained its position as the second most consumed steel product in Mexico for the sixth consecutive month, trailing only behind hot rolled coils (HRC).

Notably, HDG production experienced a notable 10.8 percent year-over-year increase in September, totaling 287,000 mt. This uptick marked the sixth consecutive annual rise and the seventh increase within the first nine months of the year. Despite this growth, HDG production in September remained in the third position by volume, outpaced by hot rolled sheet (HRC) and rebar, the leading steel product in Mexico.

On the international front, the trade flow of HDG saw a substantial 24.7 percent increase, equivalent to 36,000 mt, resulting in a total of 182,000 mt. Exports rose by 2,000 mt or 6.5 percent year-over-year, reaching 33,000 mt, while imports surged by 34,000 mt or 29.6 percent, totaling 149,000 mt.

In the cumulative data up to September, HDG consumption grew by 7.6 percent or 237,000 mt, reaching 3.38 million mt. Production increased by 5.3 percent, reaching 2.49 million mt. However, the overall trade flow experienced a 5.6 percent decrease, settling at 1.53 million mt. Imports showed a marginal 0.9 percent growth, reaching 1.21 million mt, whereas exports witnessed a notable decline of 23.9 percent, totaling 322,000 mt.

Key players in the Mexican galvanized sheet industry include Ternium, Tyasa, Posco México, Villacero, and Nucor-JFE Steel México, according to industry data.

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