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During the dry season now, it also is the peak electricity demand of Venezuela, combined with it is facing with the serious energy crisis, Venezuela power shortage phenomenon is very serious.

As industrial automation grows and becomes more complicated, more sophisticated control technologies emerge. For industrial cables, this means the need to reach faster speeds; more compact, lighter designs.

The US accounts for 72% of North America's metallic cable production in terms of conductor tonnes.  Mexico's cable production is 22% of the North America total, and Canada's is 6%.

CRU's analysis shows a further softening of the global insulated metallic wire and cable market in the three months since the last Wire & Cable Market Outlook, leading to a further downgrade of the growth forecast for 2015 to 2.1%

With 2014 now over CRU remains confident that the global recovery in the metallic cable market is underway with a number of indicators pointing to improved growth this year, writes Rob Daniels in the latest edition of the quarterly Wire & Cable Market Outlook Report.

Global insulated metallic wire and cable demand grew at a faster rate than in 2013, the total value of the global insulated wire and cable market is expected to fall again.