Mexican HSS prices reverse trend

Wednesday, 04 September 2013 02:17:38 (GMT+3)   |  
       

Prices for Mexican domestic hollow structural section (HSS), referenced ASTM-A500, increased US$15/mt in the last two weeks to settle at US$924/mt ex-mill, following a sharp drop.

The price trend is partially due to the current demand trend, even though spending on public works has declined and the financial position of the three major housing companies has led to reductions in the construction sector, according to the Secretary of Finance, Luis Videgaray.

As for public works, he said the government is set to spend more in the second half of the year than the first, a contrast to last year, when they spent more in the first half.

Other sectors affected in the first half of the year was the manufacturing industry, influenced by exports, of which the pace has slowed since mid-2012. In this regard, the Minister of Finance reiterated that Mexico needed structural reforms, because without them, the improvement would be marginal.


Similar articles

Chinese steel pipe export offer prices edge down slightly

27 Mar | Tube and Pipe

US HSS prices revise downward yet again due to soft HRC prices

25 Mar | Tube and Pipe

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

Chinese steel pipe export offer prices fluctuate within limited range

20 Mar | Tube and Pipe

US structural pipe and tube imports up 13.6 percent in January

19 Mar | Steel News

US mechanical tubing imports up 17.6 percent in January

18 Mar | Steel News

Chinese steel pipe export offer prices move down further

13 Mar | Tube and Pipe

US HSS prices

12 Mar | Tube and Pipe

US HSS prices steady after last week’s drop

07 Mar | Tube and Pipe

Finished US domestic J55 ERW OCTG casing spot market price range

06 Mar | Tube and Pipe