Mexican rebar prices see minor increase

Monday, 17 February 2014 01:39:40 (GMT+3)   |  
       

In the past two weeks, the domestic price of Mexican rebar increased US$10/mt to reach US$640 ex-mill.

Although the price trend represents a surge in the past two weeks, prices are relatively stable with international levels, especially in he US, the largest market in NAFTA.

Looking toward the prospects for end-use demand, federal government spending in Mexico grew 10 percent in January compared with the same period of 2013, adding more than US$15.1 billion, according to official sources. However, the steel industry is not optimistic. Construction sector activity fell 2.5 percent year-on-year in January.


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