Mexican domestic steel beam IPR (ASTM-A6) price increased about US$8/mt in the last two weeks to reach US$868/mt ex-mill, while in the same period, prices for steel beam I (ASTM-A36) jumped US$15/mt to the level of US$874/mt ex-mill.
According to sources, the price increase has stemmed from increased demand from the construction sector, specifically industrial buildings. Additionally, ICA, Mexico's largest construction company, estimates that infrastructure investment in Mexico over the next six years could reach up to US$70 billion dollars annually. The Mexican government is expected to soon announce a Mexican National Infrastructure Plan for the years in which entrepreneurs expect to create the basis for numerous businesses.