In the last two weeks, the price of Mexican domestic cold rolled coil (CRC) fell US$3/mt to reach US$864/mt ex-mill.
The global economic and political variables are impacting domestic prices in Mexico, a source told SteelOrbis, citing a World Steel Association report that reduced its growth projection of in global demand for steel.
Mexico might have the advantage of more investment from automakers in the country, but it can’t remain relatively removed from what is happening in the global economic and political reconfiguration, the source said.