The market is dominated by domestic suppliers, as imports account for 41.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.7% of total demand in 2022. Mexico has the second largest market size for basic iron and steel regionally, with demand reaching USD53.1 billion in 2022. Ternium México SA de CV is the largest company in Mexico, generating 12.6% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 49.8% of total production value in 2022. The total number of companies decreases in 2022, to 22,510 units. The costs of the industry increase by 16.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 36.0% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 23.2% of total production output. With production value of USD42.3 billion, Mexico accounts for 33.0% of the Latin America total in 2022.
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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
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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