Mexican HRC prices fell US$19/mt in the last two weeks to settle at US$658/mt ex-mill.
Sources tell SteelOrbis that the weak parity of the peso against the dollar and soft fuel pricces are affecting the HRC trend, but the strong automotive market is expected to keep prices from falling too far.
Automotive sources say Mexico should produce 5 million units annually by 2020, which would translate into almost 20 percent of the cars manufactured in the North America region.