In the past three weeks, the domestic price of Mexican rebar fell US$58/mt to reach US$477/mt ex-mill.
The price drop of rebar corresponds to the depreciation of the Mexican currency against the US dollar, but also the falling markets this week.
Additionally, while some construction firms recently announced the construction of 5000 housing units in the next three years and the possible construction of infrastructure such as pedestrian or elevated bridges, the truth is that demand and investment in the sector has not fully rebounded, sources said.