In the last four weeks, the price of Mexican domestic cold rolled coil (CRC) fell US$14/mt to reach US$639/mt ex-mill.
Because key automotive materials such as steel fell in price by almost 40% this year as a result of Chinese imports, many auto manufacturers are waiting to see the effect of the dollar/peso exchange rate on their 2016 models.
What is certain is that the impact of the dollar changes from model to model, being lower in those units with the most Mexican content, but higher with imported material, according to sources.