In the last two weeks, the price of Mexican domestic cold rolled coil (CRC) fell US$20/mt to reach US$823/mt ex-mill.
The holidays may be impacting prices during these weeks, however the automotive market is inspiring high expectations for the coming year.
From January to November 2014, vehicle production in Mexico exceeded 3.011 million units, an increase of 8.7 percent over the same period of 2013.
These figures indicate the success of Mexico’s consolidation of the auto production and auto parts industries, making them pillars of economic development in Mexico, according to industry sources.