Mexican HRC prices have remained in the level of $516/mt ex-mill, the same level as two weeks ago.
With a currency that weakens against the dollar, exports of finished products are strengthened increasingly. This is the case of the automotive sector, which reported an 8.1 percent increase in production in the first six months compared to the same period of 2014, while exports represented a 10.4 percent increase than January-June last year.
However, major producers of specialty steels for the automotive sector reported the second consecutive month in the red, mainly due to growth in imports of steel from China and other countries at dumping prices.