Mexican domestic hot rolled coil (HRC) prices increased US$28/mt in the last three weeks to settle at US$720/mt ex-mill.
Apparently the reforms approved by Congress are reviving domestic demand for flat steel products. Local producers told SteelOrbis that structural reforms, especially energy reform, should encourage greater local content that will raise the development of industries in Mexico, especially small- and medium-sized companies.
However, they stressed that "with energy reform, we will have more competitive costs and so we will be able to compete against other markets and reach new markets--we're on the right track."