Mexican wire rod prices increased US$6/mt during the last two weeks to settle at US$760/mt ex-mill.
The construction industry was one of the most affected sectors of economic lethargy that began near the end of 2012, industry sources say, who attribute the difficult year to the change of administration. However, they project a more positive outlook for 2014.
For example, housing developers in the Mexico Valley announced investments of US$4.9 billion for the construction of about 45,000 homes in the period 2013-2018. This opens up positive expectations for the construction sector and associated industries such as steel.