Mexico’s construction output dropped by 25.9pc in September on an annual basis due to lower demand for civil engineering works and new buildings which, in turn, also hurt the steel demand.
Construction of civil engineering works fell by 28.4pc in September compared to the same month last year while construction of new buildings decreased by 23.7pc. Construction of specialized infrastructure projects also declined 17.2pc in the same period, the National Statistics Agency (Inegi) said in a statement on Nov 24.
Contracts for construction industry personnel decreased by 19.7pc, and their hours worked also fell by 19pc, noted.
Mexico saw a reduction in its crude steel output by 3.9pc to 1.40mn mt in September from 1.45mn mt in the same month of 2019, according to the latest figures released by the World Steel Association (worldsteel).