In the last two weeks, the price of Mexican domestic cold rolled coil (CRC) fell US$21/mt to reach US$873/mt ex-mill.
Despite the drop in prices, the demand outlook is bright, according to sources. Mexico has 20 auto assembly plants (eight more than in the last 10 years) with an annual production capacity of more than 3.1 million units and a strong national and international supplier. Financial sources said that behind these figures the overall trend is moving production from developed to emerging countries.
In the context of emerging economies, Mexico has become one of the most profitable export platforms in the world with high quality at lower costs.