Mexican domestic hot rolled (HRC) prices fell US$5/mt in the last two weeks, settling at US$714/mt ex-mill. Sources tell SteelOrbis that the decrease occurred in even though steel producers and legislators agreed to establish a common front against import products involved with subsidies, dumping practices, and artificially cheap prices in the Mexican market.
The members of the Special Commission for the Automotive and Steel Industry of the House of Representatives, led by PRI legislator, Salvador Romero Valencia, held a meeting with businessmen of the National Chamber of the Iron and Steel (Canacero), during which they heard how disadvantageous Mexican products are while competing with Asia.