In the past two weeks, the domestic price of Mexican rebar increased US$15/ mt to reach US$612/mt ex-mill.
This slight price recovery after several months of deadlock could be a good sign for domestic producers, especially when construction financing had a 7.6 percent rise in the first five months of the year, the strongest since April 2013, sources said.
Some building materials outlets say they have had price increases that reached 20 percent in some cases so far this year, which will begin to apply to the final consumer in this week.