Mexican HRC prices dip slightly but should stabilize

Thursday, 25 September 2014 01:44:39 (GMT+3)   |  
       

Mexican HRC prices fell US$6/mt in the last two weeks to settle at US$730/mt ex-mill.

Sources tell SteelOrbis that the relative price stability with minimal changes should maintain, as demand from the automotive sector continues its steady growth. Mexico now produces the highest number of vehicles in its history; forecasts indicate that the full-year 2014 production total will reach 3.5 million units.
 
“The economic model we've had as a country, unlike Brazil, is producing results," one source  said. “Brazil’s strategy of automobile production focused on serving domestic consumption, while Mexico wisely focused on exports.”


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

European HRC prices keep falling, demand still shows signs of fatigue

28 Mar | Flats and Slab

Vietnam’s Hoa Phat and Formosa seek AD investigation on Chinese HRC

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

UAE’s HRC market still sluggish, offers from India fall slightly

27 Mar | Flats and Slab

Import HRC prices in Vietnam retreat again due to slump in China

27 Mar | Flats and Slab

Vietnam’s Hoa Phat produces nine millionth mt of HRC

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

HRC consumption in Mexico up 30.6 percent in January

26 Mar | Steel News

Local HRC prices sink further in Turkey

26 Mar | Flats and Slab