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Mexico Outlook 2013 - Growth Potential Very Positive Looking Past Global Headwinds, an Industrial Info News Alert
By: Marketwired .
Nov. 7, 2012 06:15 AM
JOHANNESBURG, SOUTH AFRICA -- (Marketwire) -- 11/07/12 -- Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas) -- The Mexican steel industry has a $15 billion steel project pipeline, which could add 6 million tons annually in production over the next few years, and the conditions are in place for investments in that capacity. Steel demand is set to grow 5.5% to 6% in 2012, and expectations are "rather high," according to industry sources. In 2011, the country's steel output grew 9% in 2011 to 18.0 million tons, and the forecast production for 2012 is 18.5 million tons. But caution in the steel value chain has characterized the past year.
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.
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