Mexican HRC prices increased $13/mt in the last four weeks to reach $516/mt ex-mill.
After three weeks of intense lobbying and pressure from Mexican steel producers to government authorities, they reached an agreement that will allow companies to reformulate their operating plans and investments to replenish many projects that had been suspended, as well as avoiding staff cuts.
Local prices, meanwhile, are in line with international market prices, industry sources said. The problem is suffering across the West: the massive influx of Chinese steel at “dumping” prices.