The residential construction and home improvement sectors are set to drive long steel consumption in Mexico this year, Gerdau Corsa chief executive office Fernando Pessanha said on Tuesday March 30.
The infrastructure segment may also benefit from both state-level projects and the United States' spending plan, the executive said during Fastmarkets' virtual Mexican Steel Forum 2021. He did not, however, expect any major Mexican infrastructure program on a federal level."The construction sector in Mexico had difficult times in the last four years with no major investment. Construction [gross domestic product] was negative, there were...