Mexican HRC prices increased $15/mt ex-mill to reach to $405/mt ex-mill during the last two weeks.
The automotive industry primarily driving demand for flat steel, and an auto sector source said it is expected that for 2016 through 2020, expansions and new investments of global brands for Mexico will allow the industry to remain the “jewel in the crown” of Mexico’s economy.
The latest figures available indicate in terms of capital, 10 percent of foreign direct investment that Mexico has received comes from this sector, and from 2006 to 2014 has accumulated $23.4 billion.