In the last two weeks, the price of Mexican domestic cold rolled coil (CRC) increased $28/mt to reach $606/mt ex-mill.
While domestic producers are quoting their prices according to international rates, aided by the strengthening of the dollar against the Mexican peso, free market conditions are being compromised by the presence of steel at “artificial prices” that are derived from subsidies specifically in the case of China, said a source from the national steel sector.
Meanwhile, a source from the automotive sector said that while the strong dollar on the Mexican peso is positive for exporters, it can also be negative without a complete integration of domestic suppliers, which leads to less competition in the manufacturing base and lost investments.