Prices for Mexican domestic steel beam IPR (ASTM-A6) increased US$10/mt in the last two weeks to reach US$892/mt ex-mill. Meanwhile, prices for steel beam I (ASTM-A36) fell US$6/mt in the same period to reach US$862 mt/ex-mill.
While the price fluctuations for both products are not significant, sources tell SteelOrbis that there is not much optimism for steel demand at the close of the third quarter, despite structural reforms announced by the government.
Last week, the market did not react favorably when the proposed tax reform was announced, even though federal officials claim that it will boost infrastructure development with about US$3.8 billion from September to December--however, an increase in steel beam orders has not yet materialized.