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MeneameDemand at Mexican steel company DeAcero still has not picked up and actually appears to be lower than during the crisis, CEO Raúl Gutiérrez told BNamericas.
"Before our projects were on hold and now there are just no new projects. Consumer confidence is still low and because of this there's not much investment happening, so for us the recovery will be quite slow," he said.
According to Gutiérrez, Mexico's close ties to the US economy are to blame for the slow pace of recovery.
Although the crisis seems to have passed its worst point and consumer confidence is on the rise, this is not yet reflected in real economic gains.
"Confidence is back but the market is not opening up so we still don't have a clear outlook," he said.
DeAcero has a presence in more than 20 countries, a 4,300-strong workforce in 10 plants, five raw materials yards, 13 distribution centers and more than 8,000 customers.
DeAcero produces long steel products, including rods and bars, as well as wire products.
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