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Article: Mexican market: a good bet for metals: while still highly dependent on the United States, the Mexican economy and metals markets are faring better than those to the north.(MEXICAN STEEL MARKET)
- Article from:
- Metal Center News
- Article date:
- July 1, 2008
- Author:
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MEXICAN MILL AND SERVICE CENTER executives say they continue to see strong demand for steel. The Mexican economy is resisting a downturn similar to its U.S. trading partner's, despite the country's increasing integration with the rest of the North American market.
"The Mexican economy will be healthier than the U.S., not that much but a little bit," says analyst Rodrigo Vazquez, director of the steel department at Harbor Intelligence, based in Mexico's Garza Garcia, Nuevo Leon. "We are expecting to grow 2.7 percent this year vs. last year."
Service center and mill executives echo that forecast. "The demand for flat-rolled ...