In the last two weeks, the price of Mexican domestic cold rolled coil (CRC) fell US$12/mt to reach US$871/mt ex-mill.
Mexican steel producers continue to seek new customers in the automotive industry, a sector which allocated 30 percent of all steel production, according to an industry source.
For now flats producers are continuing to earn certifications in order to be ready for the demand for new investments such as the KIA plant, which will require about 150,000 tons of steel annually.