In the last two weeks, the price of Mexican domestic cold rolled coil (CRC) increased a modest US$1/mt to reach US$898/mt ex-mill.
While CRC prices are barely changing, there are good prospects if one takes into an account that manufacturing in Mexico grew 2.5 percent in the first quarter.
In this measurement, automotive production expanded at a rate of 7.2 percent in the fourth quarter of last year, and 8.9 percent in the first quarter this year.
Mexico it is an excellent place to produce at low cost, say sources, with good infrastructure and ties to the United States market, “which moves faster than it looks."