Naresh Singh
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Naresh Singh
Country Manager
IMR
Singh shares how the company unlocks the potential of projects and how Mexico has become a strategic market for IMR.
MEXICAN STEEL PRODUCTION (thousand tonnes)
Analysis
In the 2001 to 2012 period annual steel production in Mexico increased considerably, from 13.4 to 18.1 million tonnes.
iron
Insight
Rodolfo Corona
Researcher
Geological Research Institute, UNAM
Iron is one of the most abundant elements in the earth’s crust conforming approximately 5.6% of its chemical composition
IRON ORE
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Mexico is a net exporter of iron ore. During 2011 the country exported 4.9 million tonnes of iron ore and imported only 1.5 million tonnes.
GLOBAL IRON ORE PRICE (US$/DRY METRIC TON)
Analysis
The fluctuation in the price, production, and demand for iron ore and steel in 2012 and 2013 reflect an increasingly volatile market
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