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AMM MEXICO: Mexico service centres see demand picking up

January 30, 2014 - 21:40 GMT Location: Cancun

KEYWORDS: Roberto Márquez Hiriart , Grupo Villacero , automotive , aerospace , energy , Luis Rodriguez , Grupo Cuprum

Prospects for Mexican steel service centres look bright in 2014, underscored by strong demand in the automotive, aerospace and energy sectors, after a 2013 that was less than rosy.

Steel market participants were among those disappointed when Mexico ended 2013 with growth figures closer to 1.2%, after high expectations at the start of the year and early economic growth projections of 3.8%. However, with proper structural reforms, conditions are on the upside, according to service centre representatives at Metal Bulletin sister title AMM’s 19th Annual Mexican Steel Forum in Cancun on Wednesday January 29. "Last year was truly a terrible year," Roberto Márquez Hiriart, deputy director-general of industrial business at Grupo Villacero, said. "The expectations for...

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