Earnings at Rio Tinto and BHP Group are seen declining 48% and 28%, respectively, for the six months to December 2022, while Fortescue's half-year earnings are set to slide about 16%, based on estimates from Visible Alpha and Vuma Financial.
Mexican liquid steel production fell 1.6% to 18.2Mt and consumption 1.3% to 28.1Mt in 2022, affected by a weak construction sector and rising inflation, according to a report by iron and steel chamber Canacero.