The market is dominated by domestic suppliers, as imports account for 43.4% of total market size in 2020. B2B drives market demand, with B2B spending representing 100.0% of total demand in 2020. Mexico has the largest market size for basic iron and steel in the region, with demand reaching USD33.4 billion in 2020. Ternium México SA de CV is the largest company in Mexico, generating 12.3% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 47.8% of total production value in 2020. The total number of companies increases in 2020, to 10,964 units. The costs of the industry decrease by 17.7% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 27.0% of production value in 2020, the highest in the region. With production value of USD22.2 billion, Mexico accounts for 33.8% of the Latin America total in 2020.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in Mexico: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in Mexico: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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