In the last three weeks, the price of Mexican domestic cold rolled coil (CRC) increased US$29/mt to reach US$637/mt ex-mill.
According to sources, this significant jump is based on the optimism coming from the US auto market, which remains on track for its best year yet after impressive May sales results.
Many Mexican automotive and parts manufacturers are looking forward to steady long-term demand, which is driving the flat steel producers that supply them to boost the price trend.