A trader told SteelOrbis that Altos Hornos de Mexico (AHMSA) is offering HRC at $370/mt MOB to both the US and Canada.
MOB, or “middle of the bridge” terms, do not include duties—all customs are the responsibility of the buyers, and are usually sent to the buyer through railroads connecting the North American continent.
“AHMSA’s HRC export prices seem to be more advantageous to Canada and US buyers, but not to the Asian customers, as flats prices there are way cheaper than the export prices offered by the Mexican steelmaker,” a Mexico City-based trader commented.
According to this source, Mexican HRC export prices to Asia reach similar levels.
FOB Mexican port export prices also reach USD 370/mt for AHMSA’s HRC.