Domestic Mexican cold rolled coil (CRC) prices have recovered $4/mt ex-mill in the last two weeks to the level of $764/mt ex-mill, following a $17/mt drop in the first half of June.
According to industry sources, prices will remain in slow recovery mode the remainder of the year, making the market healthier and therefore benefiting the entire production chain.
Many have called for the Mexican government to take certain measures, through the Ministry of Economy, to support the claim made by Mexican companies (in the case of CRC, by Ternium Mexico) against undervalued imports from South Korea.
According to official reports, CRC from South Korea is undervalued by about 16 to 17 percent compared to Mexican CRC.