The price of domestic Mexican
wire rod fell US$30/mt ex-mill during the last month to reach $727/mt ex-mill.
Low activity due to the holidays should keep activity level for the rest of the month, but sources are optimistic about demand in the construction sector in the first quarter of 2015.
Gross fixed investment, which represents the costs incurred in machinery and equipment of domestic and imported origin grew 5.7 percent compared to the samemonth last year, according to official sources.