Mexican HRC prices fell US$10/mt in the last two weeks to settle at US$560/mt ex-mill.
Sources are hopeful that end-use markets will eventually lift prices, but in addition to the trend mirroring that of global flats markets, the exchange rate is affecting the price of HRC as well.
On Thursday the exchange rate peaked from 2009 to reach US$15.55 per Mexican peso, and sources tell SteelOrbis that if the trend continues, 2015 may be a difficult year for the industry.