Mexican domestic hot rolled coil (HRC) prices increased US$8/mt in the last two weeks to settle at US$741/mt ex-mill.
While demand for HRC has grown with the advent of new assembly plants in Mexico, sources tell SteelOrbis that there needs to be a better integration of Mexican suppliers, because if there are not more Mexican entrepreneur manufacturers, the country will be exporting cheap labor.
According to sources, the degree of national integration in the automotive industry varies from one state to another; Nuevo Leon is at 25 percent, while other states are as low as 10 percent.