Steel production in Mexico fell 8.3% in 2020

23/02/2021

World steel production registered a 0.9 percent drop in 2020, with 1,864 million tons, compared to 2019, while in Mexico steel production decreased 8.3 percent, informed the international steel association Worlsteel. Mexico ranked 15th in world steel production last year with 16.9 million tons, 8.3 percent less compared to the same period of the previous year, according to information from the association.

Steel production plant
Steel production plant

China the world's leading steel producer in 2020 reached a production of 1,053 million tons, with a growth of 5.2 percent, compared to 2019, which led it to reach a 56 percent share globally, three percentage points more share than in 2019.

The Latin American Steel Association (Alacero) released that in Latin America continues to show signs of economic recovery, total crude steel production in 2020 was 55.6 million tons, which meant a drop of 8.4 compared to the total in 2019.

In Latin America, total rolled steel production fell 9.7 percent, reaching 46.3 million tons, in this segment the largest drop in volume was recorded in Mexico, with a drop of 1.7 million tons, 9.9 percent less than last year to stand at 15.8 million tons.

In the region, there was a 6 percent increase in steel consumption in November compared to the same level last year, and Alacero estimates that this performance will be maintained during the first quarter of the year.