In the past three weeks, the domestic price of Mexican rebar dropped US$60/mt to reach US$655/mt ex-mill
As sources anticipated weeks ago, the preliminary ruling in the US antidumping case against Mexico has effectively eliminated Mexico from that market, causing prices in the domestic market to fall sharply.
Additonally, the housing construction sector has not shown any signs of picking up. During the first four months of this year, 40 percent of construction firms in Mexico have been out of work because the public works projects expected from the government have not yet tendered.