In the past two weeks, the domestic price of Mexican rebar increased US$15/mt to reach US$492/mt ex-mill.
Due to the parity of the peso against the dollar, the price of construction materials throughout the country, including rebar, will rise between 4 and 8 percent in September, which will increase the cost of new housing by about 5 percent by the end of the year.
However, construction sector sources estimate that the blow to housing could be as high as 11 percent.