BMI forecasts that Mexico's strong domestic macroeconomic fundamentals over our forecast period through 2017 will lead to solid growth in both steel production and consumption. We see steel-intensive growth in the automotive, manufacturing, and infrastructure sectors as Mexico's economy matures further.

BMI Industry View 5

SWOT 8

Mexico SWOT 8

Industry Forecast 9

Steel: Metals-Intensive Growth 9

Investment From Home And Abroad 11

      Table: Mexico - Steel Production And Consumption ('000 tonnes, unless otherwise stated), 2009-2017 13

      Table: Mexico - Steel Production Data ('000 tonnes), 2003-2012 13

Commodities Forecast 14

Commodity Strategy 14

Steel: Locked In Secular Downtrend 16

Aluminium: US$1,800/tonne To Provide Strong Support 16

Copper: Bearish View In Place Despite Some Recovery 17

Nickel: Despite Recent Gains, Downside Risks Dominate 19

Zinc: Channelling Support 21

      Table: Select Commodities - Performance & BMI forecasts 22

      Table: BMI Commodities Strategy 23

Commodities Forecast 24

      Table: BMI Steel Forecast 24

      Table: Steel Data And Forecasts, 2009-2017 32

Regulatory Development 33

Recent Developments 33

Regulatory Environment To Remain Favourable 33

Tax Regime 34

Addressing Corruption An Increasing Focus 34

      Table: Political Overview 35

Competitive Landscape 36

      Table: Mexico - Major Metals Producers 37

Company Profile 38

ArcelorMittal 38

Company Strategy 41

Company Details 42

Financial Data 43

      Table: ArcelorMittal - Key Financial Data 43

Methodology 44

Cross Checks 44

冶金工业信息标准研究院